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Grace Elizabeth Koshie, Chief General Manager ( granted ED status with effect from March 01, 2011) and Secretary to the Central Board, Secretary's Department, Reserve Bank of India, Mumbai, has been nominated by the Government of India as the Reserve Bank of India nominee on the Board of the Bank with effect from July 30, 2010.
Smt. Koshie, a postgraduate in Economics with specialization in the area of Econometrics and Monetary Economics from Bombay University, joined Reserve Bank of India in the year 1976 as a Direct Recruit in Grade B. She also holds a PG diploma in Higher Education and is a Certified Associate of Indian Institute of Bankers.
Before joining Reserve Bank, she worked as a lecturer in Sophia College, Mumbai for a period of two years.
As Secretary to the Central Board of the Reserve Bank of India she is responsible for central bank governance and related compliance matters.
Her work includes, among other assignments, matters connected to the Meetings of the Central Board and its Committee, Top Management Group and the Deputy Governors' Committee Meetings.
She is also in charge of providing administrative and protocol support to the Top Management apart from arranging the visits of foreign dignitaries, Parliamentary delegations to the RBI.
Smt. Koshie carries with her rich and varied experience of over 34 years of central banking in the Reserve Bank of India.
Prior to the current position Smt. Koshie was holding charge of the Foreign Exchange Department in RBI Central Office from 2001-2004.
The Hindu Business Line : Foreign cover for SEZ units -- IRDA irked at RBI notification
The notification dated May 17, 2002 signed by the RBI's Chief General Manager, Ms Grace Koshie, permits companies located in special economic zones (SEZ) to take risk cover with foreign insurance companies for their properties located in India.The premiums for this cover are to be generated out of the companies' own foreign exchange balances.
Currently, no Indian property or life can be insured with a foreign insurance company.This is the exclusive prerogative of domestic general and life insurance companies.
Speaking to Business Line
, the IRDA Chairman, Mr N. Rangachary, said, "We have asked the RBI as to why we were not consulted on this notification.
Ms. Grace Koshie, Chief General Manager, Dept. of Foreign Exchange
Grace KoshieChief ...
Grace KoshieChief General ManagerReserve Bank Of India
Reserve Bank of India
Chief General Manager
Reserve Bank of India