Surekha Marandi takes charge as RBI Executive Director

Mumbai, Jan 3 (IANS) The Reserve Bank of India has appointed Surekha Marandi as its Executive Director (ED) in place of U.S. Paliwal, who retired on December 31, 2016, the bank announced on Tuesday.

Marandi, who assumed charge here on Monday, will look after Consumer Education and Protection Department, Financial Inclusion and Development Department, and Secretary’s Department, an RBI release said.

“She has also served on the Boards of United Bank and Bank of Baroda. Prior to being promoted as ED, Smt. Marandi was Principal Chief General Manager and Chief Vigilance Officer in the Reserve Bank,” it said.

“She has, over a span of three decades, served in regulatory and supervisory, financial inclusion and development and human resource management areas in the Reserve Bank,” the statement added.