Loading…
The Reserve Bank of India appointed Monisha Chakraborty as Executive Director with effect from 3 August 2026.
She will oversee the Foreign Exchange Department and the Financial Markets Regulation Department.
She was previously Chief General Manager-in-Charge of the Department of Supervision.
She has over three decades of service at the RBI, spanning supervision, foreign exchange, government and bank accounts, and a stint as Banking Ombudsman.
She holds a bachelor's degree in Economics and a master's in Business Economics, both from the University of Delhi.
The Reserve Bank is headed by a Governor, assisted by Deputy Governors, below whom sit Executive Directors. An Executive Director is typically drawn from within the Bank after long service and is given charge of a group of departments, reporting to the Deputy Governor holding that portfolio. The two departments assigned here are central to external-sector and market functioning: the Foreign Exchange Department administers the Foreign Exchange Management Act, 1999 regime covering current and capital account transactions, while the Financial Markets Regulation Department frames the rules for money, government securities, foreign exchange and derivative markets. The Governor and Deputy Governors are appointed by the Central Government; Executive Directors are appointed by the Bank itself, which is why such appointments are announced by the RBI rather than by the Ministry of Finance.
Simple Analogy: If the Governor sets the direction and the Deputy Governors run the divisions, Executive Directors are the senior officers who run the departments that actually write and enforce the rules.
India's central bank and monetary authority; regulator of banks, payment systems and foreign exchange; banker to the government
Financial Awareness > RBI structure, appointments, departments
General Awareness > Appointments in news
General Awareness > Current appointments
Consider the following statements: With reference to the Constitution of India, the Directive Principles of State Policy constitute limitations upon 1. legislative function. 2. executive function. Which of the above statements is/are correct?
Answer: Neither 1 nor 2
In India, separation of judiciary from the executive is enjoined by
Answer: a Directive Principle of State Policy
Which Article of the Constitution provides for the office of the "Vice President of India"?
Answer: Article 63
A senior officer of the Reserve Bank in charge of a group of departments, ranking below the Deputy Governors.
The RBI department that frames regulations for money, government securities, foreign exchange and derivatives markets.
The RBI department administering the FEMA, 1999 framework for current and capital account transactions.
A grievance redress authority for bank customers, now part of the Reserve Bank - Integrated Ombudsman Scheme, 2021.
The RBI department responsible for supervising banks, NBFCs and cooperative banks.