RBI Appoints Ajit Ratnakar Joshi: Reserve Bank of India RBI on Wednesday (5 March) announced Dr. Ajit Ratnakar Joshi’s appointment as the new Executive Director. His tenure will begin on March 3, 2025.
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RBI Appoints Ajit Ratnakar Joshi
Before this promotion, Joshi worked as a Principal Advisor in the Department of Statistics and Information Management (DSIM). As Executive Director, Joshi will oversee the Department of Statistics and Information Management and the Department of Financial Stability.
RBI Said On RBI Appoints Ajit Ratnakar Joshi New Executive Director
RBI said that Ajit Ratnakar Joshi’s role is to ensure the accuracy and reliability of statistical data used for policy making. Apart from this, he will also have to oversee critical financial stability measures for the banking sector.
Ajit Ratnakar’s Work Experience
Ajit Ratnakar Joshi has over three decades of experience. Joshi has worked in sectors like Statistics, Information Technology, and Cyber Risk Management. He has also been a faculty member at the Institute for Development and Research in Banking Technology (IDRBT), Hyderabad. His expertise in statistics, financial stability, and policy research is expected to contribute significantly to RBI’s data-driven decision-making and regulatory framework.
Ajit Ratnakar Education
Ajit Ratnakar has also served on several committees and working groups related to macroeconomics statistics and public issues.
- He has a Master’s degree in Statistics from Nagpur University
- a PhD in Monetary Economics from IIT Madras.
- Ajit Ratnakar has also done a Diploma in Development Policy and Planning from the Institute of Economic Growth, Delhi.
- Joshi is a Certified Associate of the Indian Institute of Banking and Finance (CAIIB).
Earlier in October last year, Aviral Jain was appointed the Executive Director (ED) 2024 to look over legal and other departments. Executive Director, Shri Jain will look after 1. Legal Department, 2. Premises Department and 3. Right to Information Act (First Appellate Authority),” a note released by the RBI said.
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