Two Regulators, Two New Executive Directors: RBI’s Chakraborty, SEBI’s Mahapatra Take Charge

The Reserve Bank of India recently appointed Monisha Chakraborty as executive director. Before her promotion, she served as chief general manager-in-charge in the Department of Supervision. As executive director, she will oversee the Foreign Exchange Department and the Financial Markets Regulation Department.

Chakraborty has more than three decades of experience at the RBI, having worked in supervision, foreign exchange, and government and bank accounts. She holds a degree in economics and a master’s degree in business economics, from the DU.

Separately, former SEBI Chief General Manager Prasanta Mahapatra took charge as an Executive Director of the markets regulator on August 4, 2026. In his new role, he will handle SEBI’s Corporation Finance Investigation Department as well as its Recovery and Refund Department.

Mahapatra joined SEBI in April 1999 and has worked across several departments during his tenure, including the Market Regulation Department, Investigation Department, Enquiries and Adjudication Department, Market Intermediaries Regulation and Supervision Department, Corporation Finance Department and Investment Management Department. He has also served at SEBI Eastern Regional Office in Kolkata. He holds a master’s degree in business administration from Utkal University, Odisha.