Poonam Gupta is new RBI Deputy Governor

The government has approved the appointment of NCAER Driector General Poonam Gupta as the Deputy Governor of the Reserve Bank of India (RBI) for a period of three years, say sources. The post of the Deputy Governor of RBI fell vacant after MD Patra demitted the office in January. The sources said the Appointments Committee of Cabinet-approved Gupta’s appointment for the post of Deputy Governor in the RBI for three years from the date of joining.

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Currently, Gupta is the Director General of National Council of Applied Economic Research (NCAER), India’s largest economic policy think tank. She is also a member of the Economic Advisory Council to the Prime Minister and Convener of the Advisory Council to the 16th Finance Commission.

She joined NCAER in 2021 after working in senior positions for nearly two decades at the IMF and World Bank in Washington DC.