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Rao has the expertise of over three a long time within the Reserve Financial institution of India.
As ED, Rao will take care of the Deposit Insurance coverage and Credit score Assure Company, the Proper to Info Act (FAA), and the Division of Communication
The Reserve Financial institution of India (RBI) on Friday appointed R Lakshmi Kanth Rao as Govt Director (ED). Earlier than being promoted to ED, Rao was serving as Chief Basic Supervisor-in-Cost within the Division of Regulation, RBI stated in a press release.
As ED, Rao will take care of the Deposit Insurance coverage and Credit score Assure Company, the Proper to Info Act (FAA), and the Division of Communication.
Rao has the expertise of over three a long time within the Reserve Financial institution having labored within the areas of Regulation of banks and NBFCs, supervision of banks and shopper safety.
He had served as Banking Ombudsman at RBI Chennai and as Regional Director of Uttar Pradesh at Lucknow.
He has additionally served as a member of a number of Committees and Working Teams and has been contributing to coverage formulation.
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