Poonam Gupta Appointed As Deputy Governor, Reserve Bank of India (RBI)

Government of India has appointed Dr. Poonam Gupta as Deputy Governor of the Reserve Bank of India (RBI) for a period of three years from the date of joining the post or until further orders, whichever is earlier. Poonam Gupta is currently working as Director General, National Council of Applied Economic Research, New Delhi.

Govt Appoints Poonam Gupta As New Deputy Governor of RBI

Government of India (GoI) has appointed Dr. Poonam Gupta, Director General, National Council of Applied Economic Research (NCAER), New Delhi as Deputy Governor of Reserve Bank of India (RBI). Poonam Gupta has replaced M.D. Patra as the new Deputy Governor of RBI.

Read Also: Govt re-appointed M. Rajeshwar as RBI Deputy Governor

The current Director General is Dr Poonam Gupta, the tenth Director General of NCAER and the first woman to hold this position, formerly a Lead Economist at the World Bank.

Poonam Gupta's tenure as RBI Deputy Governor is for a period of three years from the date of assuming charge or until further orders, whichever is earlier.

About Poonam Gupta Deputy Governor, RBI

Poonam Gupta joined National Council of Applied Economic Research (NCAER) in 2021 after working at senior positions for nearly two decades at the IMF and World Bank. In between, Gupta taught at the Delhi School of Economics, University of Maryland (USA) and as a visiting faculty at Indian Statistical Institute (ISI), Delhi.

Read Also: RBI Appoints Indranil Bhattacharyya As New Executive Director

She has also been the RBI Chair Professor at National Institute of Public Finance and Policy (NIPFP) and a Professor at Indian Council for Research on International Economic Relations (ICRIER).

She is currently on the Boards of NIPFP and GDN (Global Development Network); member of the World Bank’s advisory groups for ‘Poverty & Equity’ and the ‘World Development Report’; member of the Development Advisory Committee of NITI Aayog; and FICCI’s Executive Committee. She was the Chair of the Task Force on Macroeconomics and Trade during India’s G20 Presidency.

Role and Responsibilities at NCAER

Poonam Gupta's role and responsibilities at NCAER are to lead the work on macroeconomic issues related to monetary and fiscal policy, economic growth, international financial architecture, central banking and state finance.

Educational Life of RBI Deputy Governor Poonam Gupta

The new Deputy Governor of RBI Poonam Gupta holds a Master’s degree and PhD in Economics from University of Maryland, USA, and a Master’s degree in Economics from Delhi School of Economics, University of Delhi. She has received numerous awards and recognitions, including the 1998 EXIM Bank award for her PhD on International Economics.

RBI Deputy Governor Poonam Gupta: Areas of Expertise

Central Banking, Monetary Policy Frameworks in India and Globally, Dynamics of Inflation, Fiscal Policy, Public Debt and Fiscal Institutions, Financial Sector, International Capital Flows, Drivers of Economic Growth, Employment, Middle Income Trap, Issues Relevant for Emerging Markets, the Global South, and the Global Economy.

Work Experience of RBI Deputy Governor Poonam Gupta

Poonam Gupta, the new Deputy Governor of RBI, has held various different positions the details of which are given below.

2021 – Present: Director General, NCAER
October 2021 – Present: Member, Economic Advisory Council to the Prime Minister
2020 – 2021: Lead Economist, Global Macro and Market Research, International Finance Corporation (IFC), World Bank Group
2017 – 2020: Lead Economist, India, World Bank
2013 – 2017: Senior Economist, Office of the Senior Vice President & Chief Economist, World Bank
2011 – 2013: Reserve Bank of India Chair Professor & National Institute of Public Finance and Policy (NIPFP)
2009 – 2011: Professor, Indian Council for Research on International Economics Relations (ICRIER)
2006 – 2008: Associate Professor, Department of Economics, Delhi School of Economics
2003: Visiting Professor, Indian Statistical Institute (ISI)
1998 – 2006: Economist, International Monetary Fund (IMF), European Department, Research Department, and Asia and Pacific Department
1993 – 1998: Lecturer, Graduate Teaching Assistant, University of Maryland
1991 – 1993: Lecturer, Hansraj College and Hindu College, Delhi University

Reserve Bank of India (RBI)

The Reserve Bank of India was established on April 1, 1935 according to the provisions of the Reserve Bank of India Act, 1934. The headquarters of the Reserve Bank was initially established in Kolkata but was permanently moved to Mumbai in 1937.

Read Also: RBI signs Currency Swap Agreement with Maldives Monetary Authority

Initially the bank was privately owned, but since nationalization in 1949 it is fully owned by the Government of India.

Governor of RBI

The current Governor of the Reserve Bank of India is Sanjay Malhotra. He replaced Shaktikanta Das as the governor.

Deputy Governor of RBI

The 4 Deputy Governors are appointed in the Reserve Bank of India (RBI), who are as follows.

Read Also: RBI appoints Aviral Jain as new Executive Director

Static Current Affairs related to RBI for upcoming exams

Establishment: 1 April 1935
Headquarters: Mumbai, Maharashtra
Governor: Sanjay Malhotra
Deputy Governor: Swaminathan J, M. Rajeshwar Rao, T. Rabi Sankar and Poonam Gupta
Ownership: Ministry of Finance , Government of India

Header Ads

Poonam Gupta Appointed As Deputy Governor, Reserve Bank of India (RBI)