RBI appoints Shri Muneesh Kapur as new Executive Director

Summary:

The Reserve Bank of India (RBI) has announced the appointment of Shri Muneesh Kapur as Executive Director (ED) with effect from October 3, 2023. This promotion marks a significant milestone in Shri Kapur’s nearly three-decade long career in the RBI. Prior to his promotion, Shri Kapur served as Adviser-in-Charge, Monetary Policy Department and Secretary to the Monetary Policy Committee. He has worked extensively in the areas of macroeconomic policy and research, as well as monetary policy, within the RBI.

Shri Kapur’s tenure at the RBI spans over 27 years, during which he has gained a comprehensive understanding of the organization’s inner workings. Before joining the RBI, he served as Adviser to the Executive Director, International Monetary Fund (IMF) from 2012 to 2015. This experience has undoubtedly enhanced his expertise in global economic policy and international financial institutions.

As Executive Director, Shri Kapur will be responsible for overseeing the Department of Economic and Policy Research within the RBI. This critical role involves providing crucial insights into macroeconomic policy and research, which will inform the Bank’s decision-making processes.

Shri Muneesh Kapur holds a Master’s degree in Economics and is a Certified Associate of the Indian Institute of Bankers (CAIIB). His academic background and professional experience have equipped him with a deep understanding of economics and banking.

In conclusion, the appointment of Shri Muneesh Kapur as Executive Director is a significant development in the RBI’s organizational structure. His extensive experience, expertise in macroeconomic policy and research, and his ability to navigate complex global economic issues make him an ideal candidate for this role.