The bank becomes one of the few listed companies which had complied with the latest regulatory directions in the Companies Act, 2013, which requires a lady Director to be on the Board of Directors.
Grace Koshie, a postgraduate Economics graduate specialising in Econometrics and Monetary Economics from Bombay University, joined Reserve Bank of India in 1976 as a Direct Recruit in Grade B, a Federal bank press release said.
She also holds a PG Diploma in Higher Education and is a Certified Associate of Indian Institute of Bankers. Before joining Reserve Bank, she had worked as a lecturer in Sophia College, Mumbai.
As Secretary to the Central Board of RBI she was responsible for central bank governance and related compliance matters, matters connected to the Meetings of the Central Board and its Committee, and other senior management meetings.
She carries with her rich and varied experience of over 36 years in RBI, the release added.
Grace Koshie has also held charge of the Foreign Exchange Department in RBI Central Office from 2001—2004 and had also served as RBI nominee Director on the Boards of Dena Bank and Corporation Bank.