RBI promotes Deepak Singhal as its new executive director

Joel Rebello

MUMBAI: Reserve Bank of India ( RBI) on Monday said it had promoted Deepak Singhal as the new executive director of the central bank effective immediately.

He will look after six departments at the central bank including the central security cell, corporate strategy and budget department and human resources management department among others.

K. K. Vohra, who was earlier looking after these departments will now look after the Deposit Insurance and Credit Guarantee Corporation (DICGC).

Prior to his promotion Singhal was the regional director in-charge of Reserve Bank of India, New Delhi. “He has also earlier headed Department of Banking Operations and Development, Human Resource Development Department and Premises Department at Central Office of Reserve Bank of India and Reserve Bank of India Office at Belapur, Navi Mumbai,” RBI said. Singhal has a masters degree in management and is a certificated associate of Indian Institute of Bankers.