Executive Director | Dr. Ajit Ratnakar Joshi - ఆర్బిఐ - Reserve Bank of India
Executive Director

Dr. Ajit Ratnakar Joshi
The Reserve Bank of India (RBI) has appointed Dr. Ajit Ratnakar Joshi as Executive Director (ED) with effect from March 03, 2025.
Prior to being promoted as ED, Dr. Joshi was serving as Principal Adviser in Department of Statistics and Information Management.
Dr. Joshi has experience of over three decades in the areas of statistics, information technology, and cyber risk management. He also served as member of faculty at the Institute of Development and Research in Banking Technology, Hyderabad. He has also served as member of several committees and working groups relating to compilation of macroeconomic statistics and policy issues.
As Executive Director, Dr. Joshi will look after Department of Statistics and Information Management and Financial Stability Department.
Dr. Joshi has a master’s degree in statistics from Nagpur University, Ph.D. in monetary economics from the Indian Institute of Technology Madras, 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).
Contact Information
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Reserve Bank Of india
Central Office Building, Shahid Bhagat Singh Road,
Mumbai-400 001. -
Departments under Executive Director Dr. Ajit Ratnakar Joshi
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).