APPOINTMENTS
Directors
Reserve Bank of India Elevates Monisha Chakraborty as Executive Director
The Reserve Bank of India (RBI) officially appointed Monisha Chakraborty to the position of Executive Director (ED).
Prior to her elevation to the executive leadership team, Chakraborty functioned as the Chief General Manager-in-Charge in RBI's Department of Supervision.
In her new capacity as ED, she will oversee key regulatory and supervisory functions within the central banking institution.
The appointment highlights RBI's practice of promoting experienced internal leadership to manage financial regulation and institution monitoring.
Prior to her elevation to the executive leadership team, Chakraborty functioned as the Chief General Manager-in-Charge in RBI's Department of Supervision.
In her new capacity as ED, she will oversee key regulatory and supervisory functions within the central banking institution.
The appointment highlights RBI's practice of promoting experienced internal leadership to manage financial regulation and institution monitoring.
Key Facts / Static GK
RBI Governor: Shaktikanta Das
RBI Headquarters: Mumbai, Maharashtra
RBI Established: 1 April 1935 under the Reserve Bank of India Act, 1934
RBI Headquarters: Mumbai, Maharashtra
RBI Established: 1 April 1935 under the Reserve Bank of India Act, 1934
Practice Quiz — 5 August 2026
Q1. Which of the following statements regarding the RBI's updated Bulk Deposit Interest Rate Directions 2026 is/are correct?
Answer: (B) Both statements I and II are correct — Statement I: The framework allows differential rates on bulk deposits based on LCR run-off rates from October 1, 2026. Statement II: Commercial banks and SFBs share a bulk deposit threshold of ₹3 crore, while RRBs have a threshold of ₹1 crore.
Q2. Under the revised CGSMFI 2.0 guidelines, what is the mandatory minimum combined allocation percentage of guarantee cover reserved for small and medium MFIs?
Answer: (C) 15% — Banks must now allocate at least 15% of the total guarantee cover under CGSMFI 2.0 to small and medium-sized MFIs, replacing the previous segregated structure of 5% and 10%.
Q3. Which agency constructed the new Income Tax Department office complex 'Aayakar Sindhu' inaugurated in Mumbai?
Answer: (B) Central Public Works Department (CPWD) — The 'Aayakar Sindhu' office complex in Nariman Point, Mumbai, was constructed by the Central Public Works Department (CPWD).
Q4. Which Non-Banking Financial Company (NBFC) has partnered with Flipkart as the principal lending partner for 'Flipkart Pay Later'?
Answer: (B) PayU Finance — PayU Finance, the NBFC arm of PayU, serves as the primary licensed lender for the Flipkart Pay Later digital credit solution.
Q5. Which founding document led to the formal establishment of the Arctic Council in 1996?
Answer: (B) Ottawa Declaration — The Arctic Council was officially established in 1996 through the adoption of the Ottawa Declaration.
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