Executive Director | Shri lndranil Bhattacharyya - ਆਰਬੀਆਈ - Reserve Bank of India
Executive Director

Shri Indranil Bhattacharyya
The Reserve Bank of India (RBI) has appointed Shri Indranil Bhattacharyya as Executive Director (ED) with effect from March 19, 2025.
Prior to his promotion as ED, Shri Bhattacharyya was serving as Adviser in the Monetary Policy Department of the Bank.
Over a span of nearly three decades, Shri Bhattacharyya has worked in the areas of monetary policy, fiscal policy, banking, and international economic relations in the Monetary Policy Department, Department of Economic and Policy Research and the International Department of the Reserve Bank. He has also served as an Economic Expert in the Technical Office of the Governor at Qatar Central Bank, Doha, Qatar for 5 years (2009-14).
As Executive Director, Shri Bhattacharyya will look after the Department of Economic and Policy Research.
Shri Bhattacharyya has a Postgraduate degree in Economics from Jawaharlal Nehru University, New Delhi. His research interests are primarily in monetary theory and policy, financial markets, market microstructure and fiscal policy.
Contact Information
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Reserve Bank Of India
Central Office Building, Shahid Bhagat Singh Road
Mumbai – 400 001 -
Departments under Executive Director Shri Indranil Bhattacharyya
Listofpreviousexecutivedirectors

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.

Dr. Sitikantha Pattanaik
The Reserve Bank of India (RBI) has appointed Dr. Sitikantha Pattanaik as Executive Director (ED) with effect from May 02, 2022.
Prior to being promoted as ED, Dr. Pattanaik was an Adviser in the Department of Economic and Policy Research (DEPR).
Dr. Pattanaik has, over a span of three decades, worked in the areas of economic research and monetary policy in RBI’s Monetary Policy Department and Department of Economic and Policy Research. He was with the Central Bank of Oman on deputation from RBI for about five years.
As Executive Director, Dr. Pattanaik will look after the Department of Economic and Policy Research (DEPR).
Dr. Pattanaik has a Ph.D. in Economics from the University of Mumbai; an M. Phil in Economics from Jawaharlal Nehru University; a master’s degree in International Finance from the University of Amsterdam; and an MA in Economics from Utkal University, besides having earned professional qualifications including Certified Associate of Indian Institute of Banking and Finance (CAIIB).

Dr. Deepak Kumar
The Reserve Bank of India (RBI) has appointed Dr. Deepak Kumar as Executive Director (ED) with effect from January 03, 2022.
Prior to being promoted as ED, Dr. Deepak Kumar was heading the Department of Information Technology of the Reserve Bank of India.
Dr. Kumar has, over a span of three decades, worked in RBI’s Central Office Departments covering policy making and project management functions in the areas of information technology, cyber security, payment systems, currency management, human resource management, banking supervision, foreign exchange management.
As Executive Director, Dr. Kumar will look after Foreign Exchange Department, Department of Communication and Deposit Insurance and Credit Guarantee Corporation, which is a wholly owned subsidiary of the RBI.
Dr. Kumar holds a Ph.D. on the subject ‘Impact of Computerisation on Banking Industry during Nineties - an Evaluation’. He is a Post Graduate Diploma in International Marketing from Delhi School of Economics, besides having earned professional qualifications including Certified Associate of Indian Institute of Banking and Finance (CAIIB).