The Reserve Bank of India (RBI) has appointed R Lakshmi Kanth Rao as Executive Director (ED), effective May 10.

Before being named as ED, Rao was serving as chief general manager-in-charge in the Department of Regulation. In this role, Rao will look after Deposit Insurance and Credit Guarantee Corporation,  Right to lnformation Act (FAA), and the Department of Communication.

Rao comes with over three decades of experience in the Reserve Bank having worked in the areas of Regulation of Banks and NBFCs, Supervision of Banks, and Consumer Protection. He had served as Banking Ombudsman at RBI Chennai and as Regional Director of Uttar Pradesh at Lucknow. He has also served as a member of several Committees and Working Groups and has been contributing to policy formulation.

A commerce graduate, Rao also holds a master’s degree in Business Administration (Finance) from Sri Venkateswara University, Tirupati and Diploma in TIRM (IIBF).