The Reserve Bank of India (RBI) has made a significant announcement, appointing Muneesh Kapur as an Executive Director (ED), commencing his role on October 3, 2023. This appointment signifies a pivotal moment in Mr. Kapur’s career, placing him in a key leadership role within the central bank.
Prior to his elevation as an Executive Director, Muneesh Kapur held the position of Adviser-in-Charge within the Monetary Policy Department. His contributions were also felt 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 role as Executive Director, Muneesh Kapur will be responsible for overseeing the operations of the Department of Economic and Policy Research. This department holds immense significance in formulating economic policies and conducting research vital to the RBI’s decision-making processes.
Muneesh Kapur boasts an impressive career at the Reserve Bank, spanning nearly three decades, during which he actively contributed to various facets of macroeconomic policy and research. His expertise has been particularly remarkable in the Department of Economic Policy and Research and the Monetary Policy Department.
Notably, alongside 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, making him a valuable addition to the RBI’s leadership team.