The Reserve Bank of India (RBI) on Thursday announced the appointment of P Vasudevan as Executive Director (ED). The central bank said that prior to being promoted to Executive Director, P Vasudevan was serving as the Chief General Manager-in-charge of the Department of Payment and Settlement Systems.


P. Vasudevan appotinemt will be effective from July 03, 2023. 


As executive director, P. Vasudevan will look after the Department of Currency Management, Corporate Strategy and Budget Department (Areas other than that of Budget & Funds), and Enforcement Department, the RBI said in a statement. 


As per the statement, Vasudevan has, over a span of nearly three decades in the Reserve Bank, served in the supervision of banks and non-banking financial companies, payment and settlement systems, and other areas in the Reserve Bank, including a stint as a Member of Faculty in Bankers’ Training College.


He has also worked in the Central Office as well as Bengaluru, Mumbai, and New Delhi Regional Offices of the Reserve Bank.


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P. Vasudevan holds a Bachelor’s Degree in Commerce and is a Fellow of the Institute of Cost Accountants of India. He has a Master’s Degree in Finance and Certifications in Information Systems Audit (CISA), Information Security Management (CISM), and Fintech (National University of Singapore). He is a Certified Associate of the Indian Institute of Bankers (CAIIB) and an alumnus of the Wharton School.


Last month, the central bank announced the appointment of two new Executive Directors: Dr Rajiv Ranjan and Dr Sitikantha Pattanaik. Dr. Ranjan in his new position as Executive Director - will look after the Monetary Policy Department (MPD). He will also serve as an ex-officio member of the RBI MPC.


As Executive Director, Dr Sitikantha Pattanaik will look after the Department of Economic and Policy Research (DEPR).