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3d ago

RBI Finalizes Deputy Governors' Portfolios as Poonam Gupta Joins Monetary Policy Committee

The Reserve Bank of India has realigned leadership roles to strengthen regulatory, technological, supervisory, and macroeconomic functions, with Gupta assuming key responsibilities in monetary policymaking.

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Overview

  • The Reserve Bank of India officially released updated portfolio allocations for its four deputy governors on May 2, 2025.
  • Poonam Gupta formally assumed her role as deputy governor and joined the Monetary Policy Committee, replacing M Rajeshwar Rao as the central bank nominee.
  • Gupta will oversee macroeconomic and communication departments, including Monetary Policy, Financial Stability, and Corporate Strategy, bringing experience from her tenure at the IMF, World Bank, and NCAER.
  • M Rajeshwar Rao will lead regulatory and enforcement functions, managing departments like Regulation, Enforcement, and Risk Monitoring.
  • T Rabi Sankar and Swaminathan Janakiraman will focus on technology-driven operations and consumer-centric supervision, respectively, to address evolving financial and technological challenges.