RBI Appoints Indranil Bhattacharyya as Executive Director, Effective March 19, 2025

The Reserve Bank of India (RBI) has announced the appointment of Indranil Bhattacharyya as Executive Director (ED), effective March 19, 2025. In this role, he will look after the Department of Economic and Policy Research (DEPR), which is responsible for economic research and policy formulation within the central bank.

Responsibilities as Executive Director

As Executive Director, Bhattacharyya will lead the Department of Economic and Policy Research at the RBI. His role includes overseeing research on economic trends, evaluating monetary and fiscal policies, and supporting policy decisions with data-driven insights. The department plays a central role in analysing macroeconomic developments and their impact on financial stability.

Professional Background

Bhattacharyya has been with the RBI for nearly 3 decades, working in areas such as monetary policy, fiscal policy, banking regulations, and international economic relations. His experience includes time in the Monetary Policy Department, the Department of Economic and Policy Research, and the International Department.

From 2009 to 2014, he worked as an Economic Expert in the Technical Office of the Governor at Qatar Central Bank, Doha. His role there involved providing economic insights and contributing to policy discussions.

Education and Research Interests

Bhattacharyya holds a postgraduate degree in Economics from Jawaharlal Nehru University (JNU), New Delhi. His research focuses on monetary theory and policy, financial markets, market microstructure, and fiscal policy.

Recent Executive Appointments at RBI

Earlier in the month, the RBI had appointed Ajit Ratnakar Joshi as Executive Director. Joshi was assigned to the Department of Statistics and Information Management and the Financial Stability Department.

Conclusion 

Bhattacharyya’s appointment comes as the RBI continues to focus on economic research and monetary policy amid changing global financial conditions. The DEPR’s role in assessing economic developments and providing policy recommendations remains crucial as the central bank monitors inflation, growth, and financial markets.

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