RBI Appoints Monisha Chakraborty as Executive Director

The Reserve Bank of India appointed Monisha Chakraborty as Executive Director with effect from 3 August 2026. In her new assignment, she will oversee the Foreign Exchange Department and the Financial Markets Regulation Department.

Executive Director in the Reserve Bank of India

The Executive Director is a senior officer post in the Reserve Bank of India. Executive Directors are assigned specific departments and functions within the central bank’s administrative structure.

Career Profile of Monisha Chakraborty

Monisha Chakraborty served as Chief General Manager-in-Charge in the Department of Supervision before her elevation. She has more than three decades of experience in the Reserve Bank of India and has worked in Supervision, Foreign Exchange, and Government and Bank Accounts.

Functions and Prior Assignments

Chakraborty was associated with a technical committee that reviewed the format of the Reserve Bank of India’s Balance Sheet and Profit and Loss account. She also served as a Banking Ombudsman, a post linked with grievance redressal in the banking system.

Important Facts for Exams

• The Reserve Bank of India was established on 1 April 1935 under the Reserve Bank of India Act, 1934.
• The Foreign Exchange Department in the RBI deals with foreign exchange management and related regulatory functions.
• The Department of Supervision in the RBI is linked with oversight of regulated entities, including banks and non-banking financial companies.
• The Banking Ombudsman mechanism is used in India for the resolution of complaints against banks.

Education and Institutional Background

Monisha Chakraborty holds a degree in Economics and a Master’s degree in Business Economics from the University of Delhi. The University of Delhi is a central university established in 1922.