Mumbai (05/01/2022): The Reserve Bank of India (RBI) has appointed Ajay Kumar Choudhary and Dr. Deepak Kumar as new Executive Director (ED) with effect from January 03, 2022.
Prior to being promoted as ED, Ajay Kumar Choudhary was Chief General Manager-in-Charge, Department of Supervision. and Dr. Deepak Kumar was heading the Department of Information Technology of the Reserve Bank of India.
Choudhary has, over a span of three decades, served in supervision, regulation, currency management, payments and settlements, and other areas in the Reserve Bank, in its Central Office as well as Regional Offices.
Dr. Kumar has, over a span of three decades, worked in RBI’s Central Office Departments covering policy making and project management functions in the areas of information technology, cyber security, payment systems, currency management, human resource management, banking supervision, foreign exchange management.
As Executive Director, Choudhary will look after Fintech Department, Risk Monitoring Department and Inspection Department. and Dr. Kumar will look after Foreign Exchange Department, Department of Communication and Deposit Insurance and Credit Guarantee Corporation, which is a wholly owned subsidiary of the RBI.
Choudhary holds a Master’s degree in Physics from Delhi University, besides having earned professional qualifications including Certified Associate of Indian Institute of Banking and Finance (CAIIB).
Dr. Kumar holds a Ph.D. on the subject ‘Impact of Computerisation on Banking Industry during Nineties – an Evaluation’. He is a Post Graduate Diploma in International Marketing from Delhi School of Economics, besides having earned professional qualifications including Certified Associate of Indian Institute of Banking and Finance (CAIIB).