Mumbai,  Government has nominated Tarun Bajaj, Secretary, Department of Economic Affairs, Ministry of Finance, as a Director on the Central Board of Reserve Bank of India.

He replaces Atanu Chakraborty to the position in the Reserve Bank of Indian (RBI). Chakraborty retired as the DEA secretary on April 30.

The nomination of Tarun Bajaj is effective from May 5, 2020.

Bajaj took over as the DEA secretary on May 1. He is an old hand in the finance ministry.

Prior to taking over as DEA secretary, he was the additional secretary in Prime Minister's Office.

Before joining the PMO in 2015, Bajaj was Joint Secretary in Economic Affairs Department, looking after multilateral funding agencies division.

He also worked as Joint secretary and director in Department of Financial Services, where he looked after the insurance division.