The Reserve Bank of India has elevated five senior officers to the post of executive director, according to an internal order issued by the central bank's human resource management department. The newly appointed executive directors include Gunveer Singh, Monisha Chakraborty, Suman Ray, Sudhakar Malli and Ravi Shankar. Four of the newly empanelled executive directors - Gunveer Singh, Monisha Chakraborty, Suman Ray and Sudhakar Malli - belong to the common seniority group (CSG) cadre, while Ravi Shankar is from the department of statistics and information management (DSIM) cadre. The officers are currently posted across key RBI departments in Mumbai, including the Central Office and Mumbai Regional Office, with the effective date of their promotions to be announced separately.
Gunveer Singh has been appointed as Executive Director with immediate effect from Monday, according to the latest RBI announcement. Prior to this appointment, Singh was serving as Chief General Manager-in-Charge of Department of Payment and Settlement Systems of the central bank. As Executive Director, Singh will look after the Department of Payment and Settlement Systems, as reported by Business Standard. Singh brings over three decades of experience in the Reserve Bank having worked in areas of payment and settlement systems, banking and non-banking supervision, risk monitoring, government banking and other areas. He has also served as a payment systems expert at the Central Bank of Oman. Singh is a Chartered Accountant and a Cost and Works Accountant.
The Reserve Bank of India has proposed standardising capital adequacy disclosures across all lenders and aligning them with globally accepted Basel Accord Framework standards. According to The Economic Times, the revised framework will apply to all commercial banks, including foreign bank branches operating in India, with the goal of making it easier for people to understand and compare bank performance. The new norms prescribe globally aligned reporting architecture that mirrors Basel standards, addressing the third pillar of the globally accepted Basel Accord Framework. RBI has invited comments on the draft "Reserve Bank of India (Capital Adequacy) Amendment Directions, 2026" by June 2, 2026, with the new norms set to formally take effect from the second quarter of FY 2026-27. Banks will be required to use uniform reporting formats and units to improve comparability of Basel-related disclosures, with clearly defined templates covering key metrics, capital composition and risk-weighted assets.
The Reserve Bank of India has proposed a sharper disclosure regime for banks under the Basel III framework to enhance transparency and strengthen market discipline through more detailed reporting. In a consultation paper on revised Pillar 3 disclosure norms issued on Tuesday, the central bank requires lenders to publish granular information every quarter on capital adequacy, liquidity, leverage and risk exposure in a uniform format. The proposed framework will cover key metrics such as Common Equity Tier 1 (CET1) capital, total capital ratio, risk-weighted assets (RWAs), leverage ratio, liquidity coverage ratio (LCR) and net stable funding ratio (NSFR). Banks must create a dedicated 'Regulatory Disclosure Section' on their websites to host all Pillar 3 disclosures and maintain an archive for at least ten years, enabling stakeholders to track performance across economic cycles. The draft guidelines introduce stronger accountability by requiring whole-time directors to attest to the accuracy of disclosures and the robustness of internal controls governing them.
The Reserve Bank of India has proposed strict standardisation rules to improve clarity and eliminate inconsistencies in banking disclosures. Banks will be required to maintain a dedicated regulatory disclosure section on their websites with archives of such disclosures preserved for at least ten years, creating a long-term digital trail of financial data. To ensure consistency, all figures must be reported in crores and banks must retain rows for disclosures even if not applicable, marking them accordingly to ensure the visual layout remains identical across institutions and time periods. The draft norms also introduce stronger accountability by requiring whole-time directors to formally attest to the accuracy of disclosures and the robustness of internal controls governing them, elevating disclosures from being just a compliance exercise to a board-level responsibility.
According to the latest RBI data, net liquidity in the banking system was in a surplus of ₹1.82 trillion on Monday, as reported by Business Standard. This surplus position indicates the banking system currently has excess liquidity, which the central bank may seek to manage through upcoming VRR auctions. The central bank's decision to conduct a five-day Variable Rate Repo (VRR) auction worth ₹1.5 trillion on Wednesday reflects this evolving liquidity situation in the banking system.
