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RBI appoints Aviral Jain as new Executive Director

Recently, Aviral Jain has been appointed as the new Executive Director (ED) of the Reserve Bank of India (RBI). Jain has over three decades of experience in areas of supervision, currency management, foreign exchange regulation and human resource management.

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RBI appoints Aviral Jain as new Executive Director

Aviral Jain Appointed as new Executive Director of RBI

The Reserve Bank of India (RBI) has appointed Aviral Jain as Executive Director (ED) with effect from October 01, 2024. Prior to being promoted as ED, Jain was serving as Regional Director for Maharashtra.

Read Also: T. Rabi Sankar re-appointed as RBI Deputy Governor

About Aviral Jain Executive Director of RBI

Aviral Jain has experience of more than three decades in areas of supervision, currency management, foreign exchange regulation and human resource management.

Read Also: RBI appoints Lakshmi Kanth Rao as new Executive Director

 RBI ED Aviral Jain: Education Life

Jain is a post-graduate in economics. He also holds Certificates in AML / KYC and Capital Markets and is a Certified Associate of IIBF.

RBI Executive Director Aviral Jain: Role and Responsibilities

As Executive Director, Aviral will assume the following roles and responsibilities:

  1. Legal Department
  2. Premises Department
  3. Right to Information Act (First Appellate Authority).

Reserve Bank of India (RBI)

The Reserve Bank of India was established on April 1, 1935 according to the provisions of the Reserve Bank of India Act, 1934. The headquarters of the Reserve Bank was initially established in Kolkata but was permanently moved to Mumbai in 1937.

Read Also: RBI signs Currency Swap Agreement with Maldives Monetary Authority

Initially the bank was privately owned, but since nationalization in 1949 it is fully owned by the Government of India.

Governor of RBI

The current Governor of the Reserve Bank of India is Shaktikanta Das. He replaced Urjit Patel as the governor.

Deputy Governor of RBI

The 4 Deputy Governors are appointed in the Reserve Bank of India (RBI), who are as follows.

  1. M.D. Patra
  2. M. Rajeshwar Rao
  3. T. Rabi Sankar
  4. Swaminathan J

Read Also: RBI appoints Ajay Kumar Choudhary as new Executive Director | Daily Current Affairs Dose

Important facts for upcoming exams from the above Current Affairs Topic

  • Establishment of RBI: 1 April 1935
  • Headquarters of RBI: Mumbai, Maharashtra, India
  • Governor of RBI: Shaktikanta Das
  • Deputy Governor of RBI: Swaminathan J, M. D. Patra, M. Rajeshwar Rao and T. Rabi Sankar
  • Ownership of RBI: Ministry of Finance , Government of India

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