Mr. Khan was Deputy Governor of RBI and retired in July 2016 after nearly 38 years of service in different responsible positions. While serving at RBI, Mr. Khan had handled diverse areas and spearheaded major projects relating to financial markets, payment and settlement systems, financial inclusion, foreign exchange management, banking regulation and supervision. He has overseen some of the major projects of RBI like establishment of CCIL, Core Banking Solutions, revamping of NEFT, Real Time Gross Settlement System (RTGS), introduction of UPI for retail payment, etc.
He has been the nominee Director of RBI on the Boards of several banks, NABARD and National Housing Bank. He has also chaired and been associated with various important Committees in the financial sector such as Committee on Rural Credit and Micro Finance, Inter Regulatory Corporate Debt Working Group and Committee in Digital Payments. Currently, he is a Senior Advisor (part-time) with KPMG India, Non-Executive Chairman of NSE Clearing Limited and on the Board of India Mortgage Guarantee Corporation Private Limited as nominee of Asian Development Bank. He is also the Chairman of the Steering Committee on the Code for Responsible Lending (CRL) set up by MFIN and Sa-Dhan.
Mr. Khan holds an M.Phil. degree from Jawaharlal Nehru University, a PGDM from Narsee Monjee Institute of Management Studies and a CAIIB.