Poonam Gupta Appointed RBI Deputy Governor for Three-Year Term Ahead of Monetary Policy Meeting
The government has appointed Poonam Gupta, Director General of the National Council of Applied Economic Research (NCAER), as the new Deputy Governor of the Reserve Bank of India (RBI) for a tenure of three years. This position had been vacant since Michael Debabrata Patra’s departure in January.
According to sources, the Appointments Committee of the Cabinet (ACC) has approved Gupta's appointment, and she will assume office soon. She is currently a member of the Prime Minister's Economic Advisory Council and the Convenor of the Advisory Council of the 16th Finance Commission.
Experience and Credentials
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Gupta has previously worked at senior positions in the International Monetary Fund (IMF) and World Bank in Washington for nearly two decades.
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She has been a professor at the Delhi School of Economics, University of Maryland (USA), and ICRIER.
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She was also the RBI Chair Professor at the National Institute of Public Finance and Policy (NIPFP).
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Gupta holds a PhD in International Economics from the University of Maryland, USA, and a Master’s in Economics from the Delhi School of Economics, University of Delhi. She was awarded the Exim Bank Prize in 1998 for her PhD research.
RBI Monetary Policy Meeting Schedule
The first Monetary Policy Committee (MPC) meeting of FY26 is set to take place between April 7 and 9, 2025. The RBI has already released the full schedule for its monetary policy discussions for the fiscal year.
Gupta's appointment comes at a crucial time when RBI is preparing to make key policy decisions that will shape India’s financial landscape.
