RBI Appoints Arnab Chowdhury and Charulatha Kar as Executive Directors

On July 1, the Reserve Bank of India (RBI), India’s banking regulator, appointed Arnab Kumar Chowdhury and Charulatha S. Kar as Executive Directors with effect from June 3 and July 1, respectively.

Arnab Kumar Chowdhury, before their promotions, served as the Chief General Manager-in-Charge of the Department of Supervision. As Executive Director, he will oversee the Deposit Insurance and Credit Guarantee Corporation (DICGC), the foreign exchange department, and the international department, according to an RBI statement. Chowdhury, a fellow of the Institute of Chartered Accountants of India (ICAI) with a master’s degree in economics, brings over three decades of experience at the RBI.

Charulatha S. Kar, before her promotion, held the position of Chief General Manager-in-Charge of the Human Resource Management Department. She will now oversee the Department of Communication, the Human Resource Management Department, and serve as the First Appellate Authority for Right to Information matters. Kar, who holds a postgraduate degree in commerce from the University of Mumbai and a Diploma in Treasury and Forex Management, is also a Certified Associate of IIBF. She has over three decades of experience at the RBI. She has represented the RBI in various BIS Working Groups and served on numerous internal and external committees.