RBI appoints Suman Ray as Executive Director

Document title: RBI appoints Shri Suman Ray as Executive Director

Issuing authority: Reserve Bank of India

Reference number: Press Release 2026-2027/1013

Date: September 01, 2026

Regulatory and Policy Measures

The Reserve Bank of India has appointed Shri Suman Ray as Executive Director, effective September 1, 2026. Prior to this promotion, Mr Ray served as Regional Director for Maharashtra and has more than three decades of experience within the RBI, having worked in currency management, financial inclusion, payment and settlement systems, consumer education and protection, and human resources. He has also held the position of Secretary to the Western Area Local Board. In his capacity as Executive Director, Mr Ray will be responsible for overseeing the Deposit Insurance & Credit Guarantee Corporation as well as the Premises Department. The appointment was announced through Press Release 2026‑2027/1013 issued by Chief General Manager Brij Raj of the RBI’s Department of Communication.

The new appointment underscores the RBI’s focus on strengthening its governance and operational oversight in key support functions such as deposit insurance and premises management.