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Executive Director Shri Radha Shyam Ratho

Executive Director

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Shri Radha Shyam Ratho

The Reserve Bank of India has appointed Shri Radha Shyam Ratho as Executive Director (ED) with effect from December 11, 2020.

Prior to being promoted as ED, Shri Radha Shyam Ratho was Chief General Manager, Financial Markets Operations Department.

Shri Ratho has, over a span of about three decades, served in financial markets, external investment and operations, banking and other areas in the Reserve Bank. He has also served as Member of Faculty, Reserve Bank Staff College, Chennai.

As Executive Director, Shri Ratho looks after Foreign Exchange Department and Financial Markets Regulation Department.

Shri Ratho holds a Masters of Economics, Masters of Business Administration (MBA) and M.S. in Banking and Finance, besides having earned professional qualifications including Certified Associate of Indian Institute of Banking and Finance (CAIIB).

Contact Information_SHRI RADHA SHYAM RATHO

Contact Information

  • Reserve Bank of India
    16th Floor, Central Office Building, Shahid Bhagat Singh Road,
    Mumbai-400 001.
  • icon-phone

    +91-22-22610689

  • contact-us-email

    edrsr[at]rbi[dot]org[dot]in

Departments under Executive Director Shri Radha Shyam Ratho

Departments under Executive Director Shri Radha Shyam Ratho

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List of Previous Executive Directors

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Shri Aviral Jain

The Reserve Bank of India (RBI) has appointed Shri Aviral Jain as Executive Director (ED) with effect from October 01, 2024.

Prior to being promoted as ED, Shri Jain was serving as Regional Director for Maharashtra.

Shri Jain has experience of more than three decades in areas of supervision, currency management, foreign exchange regulation and human resource management.

As Executive Director, Shri Jain looks after 1. Legal Department, 2. Premises Department.

Shri Jain is a post-graduate in economics. He also holds Certificates in AML / KYC and Capital Markets and is a Certified Associate of IIBF.

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Shri S.C. Murmu

Tenure :
    Nov 01, 2019 - Oct 08, 2025
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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.

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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.

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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).

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Supply of medicines at Reserve Bank of India Bengaluru’s dispensaries in Main Office premises and Bank’s Staff Colonies in Bengaluru (2026-27)

Published on February , 13 2026
| |

Supply of medicines at Reserve Bank of India Bengaluru’s dispensaries in Main Office premises and Bank’s Staff Colonies in Bengaluru (2026-27)

OPEN

Minutes of Pre-Bid Meeting

Reserve Bank of India, Bengaluru invites e-tenders from Bengaluru based suppliers/ stockists/chemists who fulfil the eligibility criteria and agree to abide by the terms and conditions mentioned in the Request for Quotations (RFQ) for Supply of medicines to Bank’s dispensaries located in Bengaluru for the 2026-27.

This is an open tender enquiry. However, only those bidders qualified for the work as per eligibility criteria stipulated in the tender document (Technical Bid Part-I) are eligible to participate in this tender. Interested Bidders should submit their tenders (Part-I and Part-II) duly filled-in and e-signed, along with documents supporting eligibility criteria, through MSTC portal (Version-3-Common portal) only. Schedule of Tender is placed below:

 1.

Name of Department Central Establishment Section

2.

Name of e-Tender E-Tender for Supply of Drugs and Medicines in Dispensaries of Reserve Bank of India, Bangalore Regional Office (2026-27)

3.

e-Tender No. RBI/Bangalore Regional Office/others/1/25-26/ET/997[supply of drugs & Medicines]

4.

Mode of e-Tender e-Procurement System Online
(Part I - Technical Bid and Part II – Financial Bid) to be submitted through 
(https://www.mstcecommerce.com/eprocn) only

5.

Total Estimated Cost (for 12 months) ₹3,90,00,000/- (Rupees Three crores Ninety lakh only)

6.

Date of Tender available for downloading and start of bidding on MSTC website February 13, 2026 6.00 PM Onwards

7.

Pre-Bid meeting Date Date:  February 19, 2026 15:00 hrs

Venue: RBI, Main office premises

8.

Date of Closing of e-tender for submission of Technical Bid (Part-I) and Financial Bid (Part-II). March 13, 2026, 01:00 hrs

9.

Date and Time of Opening of Technical Bid (Part-I) March 13, 2026, 15:00 hrs

10.

Date and Time of Opening of Part-II (Financial Bid) Part-II Financial Bid of only those tenderers will be opened electronically who fulfil the pre-qualification criteria. Such bidder(s) will be communicated through e-mail separately.

11.

Earnest Money Deposit (EMD)

₹7,80,000/- only (Rupees Seven lakh Twenty thousand only) Through NEFT only

Details of NEFT: -
Beneficiary Name: - Reserve Bank of India
Beneficiary A/c No: - 186003001 NEFT Inward Account
IFSC Code: - RBIS0BGPA01 (please read the fifth character as zero)

e-Tender Application not accompanied by EMD will be treated as unresponsive and will be rejected by the Bank.

12.

Transaction Fees Transaction Fees to be paid through MSTC payment Gateway / NEFT / RTGS in favour of MSTC Limited or as advised by M/s MSTC Ltd.

NOTE: Request for Quotation (RFQ) Document can be obtained from the “Tenders” Section of our website https://www.rbi.org.in from February 13, 2026. Reserve Bank of India, will host the tendering process online for supply of medicines through e-tendering web portal MSTC E-Commerce (mstcecommerce.com/eprocn). Any corrigendum will be issued only on RBI Website (www.rbi.org.in). You may write to esttbangalore@rbi.org.in for any queries.

Regional Director for Karnataka
Reserve Bank of India
Bengaluru

February 13, 2026 

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