Executive Director | Shri Indranil Bhattacharyya - আৰবিআই - Reserve Bank of India
Executive Director
Shri Indranil Bhattacharyya
Indranil Bhattacharyya has nearly 3 decades of experience in central banking and is presently Executive Director, Monetary Policy Department, Reserve Bank of India (RBI). Prior to this, he was Executive Director, Department of Economic and Policy Research from March 19 - August 10, 2025. He has worked extensively in monetary policy, besides working on fiscal policy and banking. Besides RBI, he has also worked in Qatar Central Bank as an Economic Expert in the Governor’s office. He has given training on monetary policy implementation to senior officials of Bangladesh Bank and led a technical mission to the Royal Monetary Authority, Bhutan. He has also delivered lectures and made presentations at IMF-SARTTAC, IIM, NIPFP, IEG and in several universities in Shimla, Bangalore, Bhubaneshwar and Trivandrum. He holds a Master’s Degree in Economics from Jawaharlal Nehru University, New Delhi and has attended training/seminars/conferences in the International Monetary Fund, European Central Bank, Swiss National Bank, Bank of England, National Bureau of Economic Research, North-western University and Hong Kong Monetary Authority. His research interest is in macroeconomics, monetary theory & policy, financial markets, market microstructure and applied time series econometrics. He has several research publications in national and international journals including International Review of Economics and Finance, Journal of Policy Modelling, Macroeconomics and Finance for Emerging Market Economies, Indian Economic Review and Journal of Quantitative Economics.
Contact Information
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Reserve Bank Of India
Central Office Building, Shahid Bhagat Singh Road
Mumbai – 400 001 -
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Departments under Executive Director Shri Indranil Bhattacharyya
Listofpreviousexecutivedirectors
Dr. Rajiv Ranjan
The Reserve Bank of India (RBI) has appointed Dr. Rajiv Ranjan as Executive Director (ED) with effect from May 02, 2022.
Prior to being promoted as ED, Dr. Ranjan was serving as Adviser-in-Charge of Monetary Policy Department and Secretary to the Monetary Policy Committee.
Dr. Ranjan has an experience of more than three decades in macroeconomic policy and research including monetary policy, fiscal policy, real sector, external sector and international relations. He has worked in various departments of RBI including Monetary Policy Department, Department of Economic Policy and Research, Department of External Investments and Operations and International Department. He served as Economic Policy Expert in Central Bank of Oman for three years.
As Executive Director, Dr. Ranjan will look after the Monetary Policy Department (MPD).
Dr. Ranjan will also serve as an ex-officio member of the Monetary Policy Committee.
Dr. Ranjan has a Ph.D. in Economics from Mumbai University and holds a Masters degree in Economics from Delhi School of Economics.
Shri Jayant Kumar Dash
The Reserve Bank of India has appointed Shri Jayant Kumar Dash as Executive Director (ED) with effect from October 12, 2020.
Prior to being promoted as ED, Shri Jayant Kumar Dash was Chief General Manager-in-Charge of Department of Supervision, Central Office.
Shri Dash has, over a span of three decades, served in currency and debt management, deposit insurance and banking / non-banking supervision areas in the Reserve Bank.
As Executive Director, Shri Dash will look after Department of Regulation II.
Shri Dash holds a Master’s degree in Economics besides having earned professional qualifications in advance management, treasury management, fraud examination, data analytics, cyber law and tackling financial corruption.
Shri Muneesh Kapur
The Reserve Bank of India (RBI) has appointed Shri Muneesh Kapur as Executive Director (ED) with effect from October 3, 2023.
Prior to being promoted as ED, Shri Kapur was Adviser-in-Charge, Monetary Policy Department and Secretary to the Monetary Policy Committee.
Over a span of nearly three decades in the Reserve Bank, Shri Kapur has worked in the areas of macroeconomic policy and research and monetary policy in Department of Economic and Policy Research and Monetary Policy Department in RBI. He also served as Adviser to Executive Director, International Monetary Fund during 2012-15.
As Executive Director, Shri Kapur will look after the Department of Economic and Policy Research.
Shri Muneesh Kapur holds a Master’s degree in Economics and is a Certified Associate of the Indian Institute of Bankers (CAIIB).
Dr. O.P. Mall
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Jun 01, 2020 - Feb 28, 2025
Shri Manoranjan Mishra
The Reserve Bank of India (RBI) has appointed Shri Manoranjan Mishra as Executive Director (ED) with effect from November 01, 2023.
Prior to being promoted as ED, Shri Mishra was serving as Chief General Manager in the Department of Regulation.
Shri Mishra has experience of over three decades in the Reserve Bank having worked in the areas of regulation of banks and NBFCs, supervision of banks and currency management. He has served as a member in several Working Groups at the national and international levels contributing to formulation of regulatory/ supervisory policies.
As Executive Director, Shri Mishra will look after 1. Enforcement Department, 2. Risk Monitoring Department, 3. Department of External Investments & Operations.
Shri Mishra is a post graduate in Economics and MBA (banking and Finance). He also holds a master’s degree in Finance and Financial Regulation from Aston Business School, UK.
ভাৰতীয় ৰিজাৰ্ভ বেংক মোবাইল এপ্পলিকেষ্যন ইনষ্টল কৰক আৰু নৱীনতম বাতৰিৰ প্ৰৱেশাধিকাৰ পাওক!
