Suman Ray Takes Charge as Reserve Bank Executive Director

The Reserve Bank of India has named Suman Ray as its new Executive Director, effective from September 1, 2026. Prior to taking up this role, Mr. Ray worked as the Regional Director for Maharashtra. He brings over thirty years of experience within the central bank, having managed departments such as Currency Management, Financial Inclusion, Payment and Settlement System, Consumer Education and Protection, and Human Resources. He has also held the position of Secretary to the Western Area Local Board. In his new capacity as Executive Director, Mr. Ray will oversee the Department of Deposit Insurance and Credit Guarantee Corporation along with the Premises Department.