The Reserve Bank of India (RBI) has announced the appointment of Muneesh Kapur as an Executive Director (ED) starting from October 3, 2023. This significant appointment brings Mr. Kapur into a key leadership position within the central bank.
Previous Role and Experience
Before his promotion to the role of Executive Director, Muneesh Kapur held the position of Adviser-in-Charge within the Monetary Policy Department. Additionally, he served as the Secretary to the Monetary Policy Committee (MPC), where he played a crucial role in shaping the nation’s monetary policy.
In his new capacity as Executive Director, Muneesh Kapur will assume responsibility for overseeing the operations of the Department of Economic and Policy Research. This department plays a pivotal role in formulating economic policies and conducting research crucial to the RBI’s decision-making processes.
Extensive Experience in RBI
Muneesh Kapur’s career in the Reserve Bank spans nearly three decades, during which he has actively contributed to various facets of macroeconomic policy and research. His expertise has been particularly notable in the Department of Economic Policy and Research and the Monetary Policy Department.
In addition to his domestic roles, Mr. Kapur served as an Adviser to the Executive Director at the International Monetary Fund (IMF) from 2012 to 2015. This international exposure further enriches his qualifications and perspectives in the realm of economic and monetary policy.