- Reserve Bank of India has appointed Gunveer Singh as Executive Director (ED) with immediate effect from May 18, 2026.
- The appointment was announced through an official statement issued by the central bank.
- Before his promotion, Gunveer Singh was serving as the Chief General Manager-in-Charge of the Department of Payment and Settlement Systems at RBI.
- In his new role as Executive Director, he will continue to oversee the Department of Payment and Settlement Systems, which plays a crucial role in regulating and strengthening India’s digital payments ecosystem.
- Gunveer Singh has more than three decades of experience in the Reserve Bank of India. During his career, he has worked in several important areas including:
- Payment and settlement systems
- Banking supervision
- Non-banking financial supervision
- Risk monitoring
- Government banking operations
- His long experience in these critical areas makes him an important addition to the RBI’s senior leadership team.
- Apart from his work in India, Singh has also served as a payment systems expert at the Central Bank of Oman.
- This international exposure has contributed to his expertise in payment technologies and financial system regulation.
Department of Payment and Settlement Systems
The Department of Payment and Settlement Systems is one of RBI’s key departments and is responsible for:
- Regulation of digital payment systems
- Oversight of payment infrastructure
- Ensuring safe and efficient transactions
- Promoting innovation in digital payments
The department has gained increasing importance with the rapid expansion of India’s digital economy and fintech ecosystem.
Conclusion
The appointment of Gunveer Singh as Executive Director reflects RBI’s continued focus on strengthening payment systems and financial infrastructure. His extensive experience in banking regulation and digital payments is expected to support the central bank’s efforts in enhancing secure, efficient, and technology-driven financial services in India.