Aviral Jain Appointed as Executive Director of RBI
The Reserve Bank of India (RBI) has announced the appointment of Aviral Jain as its new Executive Director, effective from October 1, 2024. Before this promotion, Jain was the Regional Director for Maharashtra.
With over 30 years of experience, Jain has expertise in supervision, currency management, foreign exchange regulation, and human resource management. In his new role, he will oversee the Legal Department, Premises Department, and act as the First Appellate Authority under the Right to Information Act.
Jain holds a postgraduate degree in economics and has earned certificates in Anti-Money Laundering (AML) / Know Your Customer (KYC) and Capital Markets. He is also a Certified Associate of the Indian Institute of Banking & Finance (IIBF).
Doubts Revealed
Aviral Jain -: Aviral Jain is a person who has been given a new important job at the Reserve Bank of India. He has worked there for many years and has a lot of experience.
Executive Director -: An Executive Director is a high-level position in an organization. This person helps make important decisions and manages different departments.
RBI -: RBI stands for the Reserve Bank of India. It is the central bank of India, which means it helps manage the country’s money and financial system.
Regional Director for Maharashtra -: A Regional Director for Maharashtra is someone who oversees the activities of the Reserve Bank of India in the state of Maharashtra. Maharashtra is a big state in India where Mumbai, a major city, is located.
Supervision -: Supervision in this context means overseeing and making sure that banks and financial institutions follow the rules and work properly.
Currency Management -: Currency management involves handling the money that people use every day, like making sure there are enough notes and coins available.
Foreign Exchange Regulation -: Foreign exchange regulation means controlling how money from other countries is exchanged and used in India.
Human Resource Management -: Human resource management is about taking care of the people who work in an organization, like hiring, training, and helping them with their work needs.
Legal and Premises Departments -: The Legal Department deals with laws and legal matters, while the Premises Department manages the buildings and spaces the organization uses.
First Appellate Authority -: The First Appellate Authority is a person who reviews decisions made under the Right to Information Act, which allows people to request information from the government.
Right to Information Act -: The Right to Information Act is a law in India that lets people ask for information from the government to make sure things are transparent and fair.
Postgraduate in economics -: A postgraduate in economics means Aviral Jain has studied economics at a higher level after completing his basic college degree.
Certifications -: Certifications are special qualifications that show someone has learned specific skills or knowledge in a certain area.
