New Delhi, July 1 -- The Reserve Bank of India (RBI) appointed Ravi Shankar as Executive Director (ED) with effect from July 1, according to a press release issued on Wednesday.

Shankar takes over the senior position after serving in a key leadership role within the institution, bringing over three decades of institutional knowledge to his new post.

"Prior to his promotion as ED, Shri Shankar was serving as Adviser-In-Charge of the Department of Statistics and Information Management of the Bank," the central bank stated.

The RBI confirmed his specific portfolio details in the announcement. The RBI stated, "As Executive Director, Shri Shankar will look after the Department of Statistics and Information Management."

In his new capacity,...