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RBI appoints Dr Ajit Ratnakar Joshi as new Executive Director with effect from March 3
- RBI's new ED, Dr Joshi will oversee the Department of Statistics and Information Management and the RBI's Financial Stability Department.
The Reserve Bank of India (RBI) announced on Wednesday, March 5, that it has appointed Dr Ajit Ratnakar Joshi as the banking regulator's Executive Director (ED) effective March 3, 2025. Dr Joshi will oversee the Department of Statistics and Information Management and the RBI's Financial Stability Department. Before being promoted to the ED, Dr Joshi served as Principal Adviser in the Department of Statistics and Information Management.
He has over thirty years of experience in statistics, information technology, and cyber risk management. He has served as a member of the faculty at the Institute of Development and Research in Banking Technology, Hyderabad. Joshi has also served as a member of several committees and working groups relating to the compilation of macroeconomic statistics and policy issues.
Also Read: India’s forex reserves jump by $4.758 billion to hit two-month high of $640.479 billion: RBI
As ED, Dr Joshi will oversee the Department of Statistics and Information Management and the Financial Stability Department. He holds a master’s degree in statistics from Nagpur University, a Ph.D. in monetary economics from the Indian Institute of Technology Madras, a Diploma in Development Policy and Planning from the Institute of Economic Growth, Delhi, and is a certified associate of the Indian Institute of Banking and Finance (CAIIB).
Former RBI Governor appointed PM Modi's Principal Secretary-2
Meanwhile, former RBI Governor Shaktikanta Das has been appointed Prime Minister Narendra Modi's Principal Secretary-2. P K Mishra, a retired IAS officer of the Gujarat cadre, currently serves as PM Modi's principal secretary. Das's appointment will be the first when two officials will serve as prime secretaries to the PM. Both Mishra and Das are from Odisha.
According to a notification released by the government's Appointments Committee of the Cabinet (ACC) on Saturday, February 22, former RBI Governor Shaktikanta Das' appointment as the second Principal Secretary ‘'will be co-terminus with the prime minister's term or until further orders''.
“The Appointments Committee of the Cabinet approved the appointment of Shri Shaktikanta Das, IAS (Retired), as Principal Secretary-2 to Prime Minister, effective from the date he assumes office. His appointment will be co-terminus with the PM's term or until further orders, whichever is earlier,” said the ACC official notification. Das is a civil servant with 44 years of service, primarily in finance, taxation, investment, and infrastructure.
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Business NewsIndustryBankingRBI appoints Dr Ajit Ratnakar Joshi as new Executive Director with effect from March 3
First Published:5 Mar 2025, 04:00 PM IST
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