The Reserve Bank of India has appointed Ajay Kumar as executive director with effect from August 20, 2021, the central bank said in a press release on August 26. Kumar was earlier heading the New Delhi Regional Office of the central bank, the RBI said.
With a career spanning more than three decades, Kumar has served in foreign exchange, banking supervision, financial inclusion, currency management and other areas in the Reserve Bank. As Executive Director, Kumar will be responsible for departments of currency management, foreign exchange and premises, the release said.Kumar has a masters in economics from Patna University, MS in banking from ICFAI and has done the certified bank manager course at the Institute of Bank Management and Research, Hyderabad. He has undertaken Executive Management Programme from Kellogg School of Management, Chicago and holds other professional qualifications including Certified Associate of Indian Institute of Banking and Finance (CAIIB), the RBI said.