Mumbai, India, March 2025 — Indranil Bhattacharyya has been appointed as Executive Director of the Reserve Bank of India (RBI), where he will oversee the Department of Economic and Policy Research. With a distinguished career spanning nearly three decades, Bhattacharyya brings deep expertise in monetary policy, fiscal policy, banking, and international economic relations to his new leadership role.
Before his elevation, he served as Chief General Manager in the Monetary Policy Department at RBI, playing a key role in financial modeling, economic forecasting, and monetary strategy formulation. His contributions have been instrumental in shaping RBI’s policy direction, ensuring stability and sustainable economic growth. Bhattacharyya’s expertise extends beyond India, having worked as an economic expert at the Qatar Central Bank in Doha for five years, where he provided critical insights into monetary frameworks and financial system stability at a global level.
A postgraduate in Economics from Jawaharlal Nehru University (JNU), Bhattacharyya has a strong research background in monetary theory, financial markets, market microstructure, and fiscal policy. His appointment reflects RBI’s commitment to reinforcing its research and policy formulation in response to the evolving global economic landscape.
As he takes on this key leadership role, Bhattacharyya is expected to drive RBI’s economic strategies, enhance policy research, and contribute to strengthening India’s monetary and financial systems.
About the Reserve Bank of India (RBI)
The Reserve Bank of India (RBI), established in 1935, is the nation’s central banking authority, responsible for monetary policy, financial regulation, and economic stability. Headquartered in Mumbai, RBI plays a pivotal role in governing India’s financial system, managing currency issuance, and ensuring economic resilience. Since its nationalization in 1949, RBI remains a wholly government-owned institution, committed to promoting a secure, efficient, and stable financial environment.
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