The Reserve Bank of India (RBI) has selected Ajay Kumar as its Executive Director (ED). Kumar will manage the areas of currency management, foreign exchange and premises. Kumar has been working with the RBI for over 30 years serving in different departments, including foreign exchange, banking supervision, financial inclusion, currency management and other areas.

Kumar has done Masters in Economics from Patna University, MS in Banking from ICFAI and Certified Bank Manager from the Institute of Bank Management and Research, Hyderabad. He has accepted Executive Management Programme from Kellogg School of Management, Chicago and holds other qualifications like Certified Associate of Indian Institute of Banking and Finance (CAIIB).