Who has been appointed as the new Executive Director of the Reserve Bank of India (RBI) effective March 3, 2025?

The correct answer is Dr. Ajit Ratnakar Joshi.

In News

• Dr. Ajit Ratnakar Joshi has been appointed as the Executive Director of RBI, effective March 3, 2025.

Key Points

• Dr. Joshi will oversee two key departments: the Department of Statistics and Information Management (DSIM) and the Financial Stability Department.
• He has over 30 years of experience in statistics, information technology, and cyber risk management.
• Dr. Joshi holds a master's degree in statistics from Nagpur University and a Ph.D. in monetary economics from IIT Madras.
• His appointment is expected to strengthen RBI's data-driven decision-making processes, especially in financial stability and regulatory oversight.

Additional Information

• Reserve Bank of India (RBI)
  • Established in 1935, RBI is the central bank of India, responsible for regulating the monetary and financial system in the country.
  • It aims to ensure the stability of the financial system, control inflation, and promote economic growth.
• Institute for Development and Research in Banking Technology (IDRBT)
  • IDRBT, based in Hyderabad, is an institute that promotes research and development in banking technologies and systems.
• Certified Associate of the Indian Institute of Banking and Finance (CAIIB)
  • CAIIB is a professional qualification offered by the Indian Institute of Banking and Finance (IIBF) to enhance the banking knowledge of professionals.