The Reserve Bank of India has promoted Deepak Kumar and Ajay Kumar Choudhary to Executive Directors (EDs), With effect from January 3.

Dr. Kumar previously led the RBI's Department of Information Technology, and as Executive Director, he will oversee the Foreign Exchange Department, Department of Communication, and the RBI's Deposit Insurance and Credit Guarantee Corporation, which is a wholly owned subsidiary.

Kumar has worked in the RBI's Central Office departments for the past three decades, in areas such as information technology, cyber security, payment systems, currency management, human resource management, banking supervision, and foreign exchange management, where he was responsible for policymaking and project management.

Choudhary will be in charge of the Fintech, Risk Monitoring, and Inspection Departments.

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