In pursuance of the Government of India notification dated September 30, 2025, Shri Shirish Chandra Murmu took over as the Deputy Governor of Reserve Bank of India today (October 09, 2025) for a period of three years or until further orders, whichever is earlier.

Shri Murmu was Executive Director of the Reserve Bank before being elevated to the post of Deputy Governor.

As Deputy Governor, Shri Murmu will look after Department of Communication, Department of Government and Bank Accounts, Department of Regulation and Enforcement Department.

Shri Murmu, a career central banker with more than 33 years of vast and diverse experience, joined the Reserve Bank in 1991 and has worked in various positions. As Executive Director, he was looking after the Department of Supervision and Secretary’s Department. His areas of expertise include regulation and supervision of regulated entities and management of IT infrastructure.

Shri Murmu has headed several high-level Internal committees to review the RBI regulations in various areas. He was the Chairperson of “Inter-Institutional Committee on Comprehensive Review of Priority Sector Lending Certificates” and “Internal Group on Regulation Cluster (Commercial and Cooperative Banking, Non-Banking)”. He was an Invitee in the “Regulatory Review Authority 2.0” set up by the Reserve Bank in April 2021 and Member of the “Internal Working Group to Review Extant Ownership Guidelines and Corporate Structure for Indian Private Sector Banks” constituted by the Reserve Bank in 2020.

Shri Murmu has served as RBI Nominee Director on the Boards of Bank of India and Dena Bank in the past, as well as on the Board of ECGC Limited. Shri Murmu has also served as the Regional Director of Kolkata Office and as the Chief General Manager in Department of Information Technology, Central Office of the Reserve Bank. He has also held senior management roles in other key central banking areas, including Banking Regulation and Currency Management.

Shri Murmu holds a Master’s degree in Life Sciences from Jawaharlal Nehru University, New Delhi. He is also a Certified Associate of Indian Institute of Banking (CAIIB).

(Brij Raj)               
Chief General Manager

Press Release: 2025-2026/1283