RBI appointed Munish Kapoor as Executive Director

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The Reserve Bank of India (RBI) has officially named Munish Kapoor as Executive Director, with his new role starting from October 3, 2023.

An Overview of the News

• Before his promotion as Executive Director, Munish Kapoor served as Advisor in Charge within the Monetary Policy Department.

• He also held the position of Secretary of the Monetary Policy Committee (MPC), where he played a key role in influencing the monetary policies of the country.

New Role and Expertise:

• As Executive Director, Munish Kapoor will now be responsible for overseeing the operations of the Department of Economic and Policy Research.

• The department plays an important role in shaping economic policies and conducting research critical to the decision-making processes of the RBI.

About Reserve Bank of India (RBI)

• Established - 1 April 1935, Kolkata

• Founder - British Raj

• Governor - Shaktikanta Das