Vasudevan has succeeded the incumbent chief and RBI executive director Ajay Kumar Choudhary, who is said to have retired
Along with helming the RBI’s fintech department, Vasudevan will oversee currency management, the corporate strategy and budget department
The apex bank hived off a separate fintech department in 2022 to foster innovation and provide impetus to the burgeoning Indian fintech industry
The Reserve Bank of India (RBI) reportedly appointed executive director P Vasudevan as the new head of the fintech department earlier this month. With this, Vasudevan has become the second top official of the department since its formation in early 2022.
Sources told The Economic Times that Vasudevan has taken over the reins from the incumbent chief and RBI executive director Ajay Kumar Choudhary, who is said to have retired. As per the report, Choudhary has now been appointed to the board of the Reserve Bank Innovation Hub.