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RBI appoints Suman Ray as executive director
The Hindu BusinessLine··1 Sept
The Reserve Bank of India appointed Suman Ray as executive director with effect from September 1, 2026. Ray was Regional Director for Maharashtra. He will oversee the Department of Deposit Insurance and Credit Guarantee Corporation and the Premises Department. RBI said he has more than three decades at the central bank across currency, payments and inclusion roles.
Prism
What It Means For You
- DICGC deposit insurance policy, currently up to Rs 5 lakh per depositor per bank, falls under his new remit.
- Premises decisions at RBI offices shift to the same executive director brief.
- Maharashtra regional leadership will pass to a successor after his elevation.
What's Happening
- Economic Times said Ray was among five officers promoted to executive director earlier this year.
- The others named were Gunveer Singh, Monisha Chakraborty, Sudhakar Malli and Ravi Shankar.
- He has also served as secretary to the Western Area Local Board.
What DICGC Does
- DICGC is a wholly owned RBI subsidiary that insures bank deposits.
- It also administers credit guarantee schemes, ET reported.
- Ray's earlier beats included consumer education and human resources.
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