Mumbai: The Reserve Bank of India has elevated Rabi Narayan Mishra to the post of executive director. Dr Mishra will look after Supervision of NBFCs and Cooperative Bank’s. Will also implement a new system called Supervisory Colleges.
Mishra will handle these key positions at a time when non-banking supervision has been in focus following defaults at the systematically important non-bank lender Infrastructure Leasing & Financial Services and its group entities, which have resulted in a liquidity crisis across non-bank lenders, including housing finance companies.
His experience in RBI hinges on Regulation, Supervision, Financial Stability and Risk Monitoring. He is educated in Economics in JNU, Delhi School of Economics, Mumbai University and Harvard University, USA. He hails from Mahendra Pur Shashan in Dhenkanal.