RBI promotes Gunveer Singh as Executive Director
Mumbai, May 18
The Reserve Bank of India on Monday promoted Gunveer Singh as Executive Director, according to an official statement issued by the central bank.
Prior to his elevation, Singh was serving as Chief General Manager-in-Charge of the Department of Payment and Settlement Systems at the RBI.
His appointment as Executive Director has come into effect from Monday.
In his new role, Singh will oversee the Department of Payment and Settlement Systems, the central bank said.
"The RBI has appointed Gunveer Singh as Executive Director (ED) with effect from May 18, 2026," the central bank said.
"Prior to his promotion as ED, Singh was serving as Chief General Manager-in-Charge of the Department of Payment and Settlement Systems of the Bank," it added.
Singh brings over three decades of experience at the RBI, having worked across several areas including payment and settlement systems, banking and non-banking supervision, risk monitoring and government banking.
"Singh has an experience of over three decades in the Reserve Bank having worked in the areas of payment and settlement systems, banking and non-banking supervision, risk monitoring, Government banking and other areas in the Reserve Bank," the central bank mentioned.
He has also served as a payment systems expert at the Central Bank of Oman.
According to the RBI, Singh is a Chartered Accountant as well as a Cost and Works Accountant.
"He has also served as a payment systems expert at the Central Bank of Oman. As Executive Director, Singh will look after the Department of Payment and Settlement Systems," the central bank stated.
"Singh is a Chartered Accountant and a Cost and Works Accountant," RBI said in an official statement.
— IANS
Reader Comments
Hope this elevation means more focus on making digital payments accessible in rural areas. We still have many villages where basic banking isn't seamless. Singh ji's experience in supervision should help.
Over three decades at RBI and also worked at Central Bank of Oman – looks like a well-rounded profile. But I hope he prioritizes cybersecurity for payment systems. With digital fraud rising, we need strong oversight.
Congratulations to Gunveer Singh! Being a Chartered Accountant and Cost Accountant is impressive. But I'm curious – why does the article mention his role only in the same department as before? Isn't an ED supposed to have broader portfolio? Bit surprised he's continuing to oversee just DPSS.
Good news for the payment ecosystem! Singh sir's experience in risk monitoring will be crucial as we expand UPI globally. India's digital payment story is a model for the world. 🇮🇳
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