RBI Appoints Suman Ray As Executive Director With Effect From 1 September

The Reserve Bank of India (RBI) has appointed Suman Ray as Executive Director with effect from 1 September 2026.

Ray was serving as the Regional Director for Maharashtra before his elevation. He has over 30 years of experience with the RBI and has worked across several areas, including currency management, financial inclusion, payment and settlement systems, consumer education and protection, and human resources. He has also served as Secretary to the Western Area Local Board of the RBI.

As Executive Director, Ray will oversee the Department of Deposit Insurance and Credit Guarantee Corporation and the Premises Department.

The RBI announced the appointment through a press release issued today.