RBI appoints Sonali Sen Gupta as new executive director

Reserve Bank of India

The Reserve Bank of India (RBI) has appointed Sonali Sen Gupta as its new Executive Director (ED) with effect from October 9, the central bank said in a statement on Saturday. Prior to her elevation, Sen Gupta was serving as the Regional Director for Karnataka at the RBI’s Bengaluru Regional Office.

According to the RBI, “Sonali Sen Gupta has more than three decades of experience in the Reserve Bank, having worked in diverse areas such as Financial Inclusion, Human Resource Management, Banking Regulation, and Supervision.”

Vast experience in financial inclusion and education

Over her career, Sen Gupta has represented the RBI in several international forums, including the G20 – Global Partnership for Financial Inclusion (GPFI) and the OECD – International Network on Financial Education (INFE). She has also served as a Director on the Board of the National Centre for Financial Education (NCFE) and has been a member of various internal and external committees.

“She has contributed significantly to the Reserve Bank’s initiatives on financial literacy and consumer protection,” the RBI added.

As Executive Director, Sen Gupta will oversee the Consumer Education and Protection Department, the Financial Inclusion and Development Department, and the Inspection Department, the central bank said.

An MBA in Banking and Finance, Sen Gupta is also a Certified Associate of the Indian Institute of Banking & Finance (IIBF).