Prior to being promoted as executive director, he was Chief General Manager-in-Charge, Enforcement Department. Following these appointments, the RBI now has 13 executive directors.
RBI said Ratho will look after financial markets operations department, department of external investments and operations, legal department and secretary’s department. Before this promotion, Ratho was Chief General Manager, Financial Markets Operations Department.
Jain will look after Department of Supervision (Risk, Analytics and Vulnerability Assessment). Earlier, he was Chief General Manager-in-Charge of the supervision department.