Meena Hemchandra appointed as executive director of RBI

MUMBAI: The Reserve Bank of India ( RBI) has appointed Meena Hemchandra as the executive director who would be in charge of department of banking supervision. She will also be in charge of department of non-banking supervision and department of co-operative banking supervision.

RBI’s executive director Chandan Sinha, who was incharge of these departments will now be in charge of department of information technology, department of payment and settlement system, foreign exchange department and financial markets regulations departments- including market intelligence.

The appointment of Meena Hemchandra comes as a vacancy for the post was created after G Padmanabhan retired on May 31 this year. RBI has 11 executive director in charge of various departments.

Prior to this appointment, Meena Hemchandra was in charge of department of supervision. She has also been Principal of Reserve Bank’s College of Agriculture Banking at Pune. Earlier she has worked in department of external investment and operations. A chartered financial analyst from Institute of Chartered Financial Analysts of India, she also holds a post graduate degree in economics.