Ray has experience of over three decades in the Reserve Bank, having worked in several areas including Currency Management, Financial Inclusion, Payment and Settlement System, Consumer Education and Protection, and Human Resources

It claimed that 85 per cent of respondents in a recent survey did not see reasonable promotion prospects, 79 per cent reported low or very low morale, 91 per cent viewed recent promotion policy changes unfavourably, and 65 per cent expected to retire at Grade D or below