Mumbai, India, September 2025 — Sanjay Hansda has been appointed as the new Executive Director at the Reserve Bank of India (RBI), effective March 3, 2025. He rejoined the RBI on October 6, 2025, after serving on deputation as Senior Advisor to the Executive Director (India) at the International Monetary Fund (IMF).
Over the course of his career, Sanjay has held several key positions at the RBI, including Adviser in the Department of Economic and Policy Research, Adviser in the Monetary Policy Department, and Officer-in-Charge/Director of the Internal Debt Management Department. His leadership journey also includes serving as Analyst (Financial Stability) at the Bank of England on secondment from the RBI, where he contributed his expertise to global financial research and policy analysis.
With rich experience in applied macroeconomics, monetary and financial economics, Sanjay has played a pivotal role in shaping India’s monetary policy, debt management strategies, and financial market research. His work as Chief General Manager and Adviser at the RBI reflects his deep expertise in national accounts, economic growth, and financial stability.
Sanjay’s appointment as Executive Director further strengthens the RBI’s capacity to drive policy excellence, reinforce financial resilience, and maintain economic stability both domestically and globally.
About Reserve Bank of India (RBI)
The Reserve Bank of India (RBI) was established on April 1, 1935, in accordance with the provisions of the Reserve Bank of India Act, 1934. Initially headquartered in Kolkata, the Central Office was permanently moved to Mumbai in 1937, which continues to serve as the seat of the Governor and the hub of policy formulation. Though originally privately owned, since its nationalisation in 1949, the RBI has been fully owned by the Government of India.
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