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RBI appoints Aviral Jain as new executive director

In his new role as Executive Director, Aviral Jain will oversee several crucial departments, including the Legal Department, the Premises Department, and the Right to Information Act as the First Appellate Authority.

News Arena Network - Mumbai - UPDATED: October 5, 2024, 03:44 PM - 2 min read

RBI appoints Aviral Jain as new executive director

The Reserve Bank of India (RBI) has announced the appointment of Aviral Jain as its new Executive Director (ED), effective October 1, 2024.

The Reserve Bank of India (RBI) has appointed Aviral Jain as its new executive director, effective 1 October 2024, as part of efforts to strengthen its leadership and enhance operations.

In his new role, Jain will oversee several key departments, including the Legal Department, responsible for regulatory compliance and legal matters, and the Premises Department, which manages infrastructure. He will also serve as the first appellate authority under the Right to Information Act, reinforcing the RBI’s commitment to transparency.

Jain, previously the regional director for Maharashtra, brings over 30 years of experience in supervision, currency management, foreign exchange regulation, and human resources. His deep knowledge of financial regulation and his experience in tackling the central bank's challenges are expected to be crucial in guiding the RBI’s initiatives.

He holds a postgraduate degree in economics along with certifications in Anti-Money Laundering (AML), Know Your Customer (KYC) regulations, and capital markets.

Jain is also a Certified Associate of the Indian Institute of Banking and Finance (IIBF).