New Executive Director of RBI

• The Reserve Bank of India (RBI) has appointed Munish Kapoor as its Executive Director with effect from October 3.

• Before being promoted as Executive Director, Kapoor was Advisor in Charge of the Monetary Policy Department and Secretary of the Monetary Policy Committee.

• Over a period of nearly three decades, Kapoor has worked in the areas of macroeconomic policy and research and monetary policy in the Department of Economic Policy and Research and Monetary Policy Department at the RBI.

• During 2012–15, he also served as an advisor to the Executive Director of the International Monetary Fund.

• As executive director, Kapoor will look after the department of economic and policy research.