Gupta Poonam Deputy Governor of the RBI Appointed Prior to MPC Meeting

Michael Patra has been replaced as the Reserve Bank of India's (RBI) Deputy Governor by Poonam Gupta. Her appointment coincides with the upcoming April 7–9, 2025, meeting of the Monetary Policy Committee (MPC). with a wealth of knowledge in international finance and economic policy.Michael Patra has been replaced as the Reserve Bank of India's (RBI) new Deputy Governor by Poonam Gupta. Her appointment coincides with the April 7–9, 2025, meeting of the Monetary Policy Committee (MPC). Given her extensive background in central banking, international financial institutions, and macroeconomic policy, Gupta's position at the RBI is anticipated to play a significant role in determining the monetary and financial policies of India.

Important Details: Background and Appointment The Reserve Bank of India (RBI) appointed Role: Deputy Governor Prior to this, Michael Patra Date of Appointment: April 2, 2025 Importance: Made public prior to the Monetary Policy Committee's (MPC) bimonthly meeting (April 7-9, 2025). Tenure: According to RBI regulations, probably for three years.Professional Background: Member of the Prime Minister's Economic Advisory Council (EAC-PM) and Director General of the National Council of Applied Economic Research (NCAER) Convener of the 16th Finance Commission Advisory Council Almost twenty years of experience at The IMF, or International Monetary Fund International Bank, Washington, D.C. served on the boards of the Global Development Network (GDN) and the National Institute of Public Finance and Policy (NIPFP). Advisory Groups of the World Bank on "World Development Report" and "Poverty & Equity" India's G20 Presidency as Chair of the Task Force on Macroeconomics and Trade