The Reserve Bank of India (RBI) has appointed Ajit Ratnakar Joshi as Executive Director, effective March 3, 2025. In this role, he will oversee the Department of Statistics and Information Management (DSIM) and the Financial Stability Department, driving data-driven policy formulation, financial stability measures, and regulatory oversight.
With over 30 years of experience, Joshi has a strong background in macroeconomic statistics, information technology, and cyber risk management. Prior to this appointment, he served as Principal Adviser in the DSIM and played a pivotal role in RBI’s data governance, financial risk analysis, and economic policy research.
Joshi has also contributed significantly as a faculty member at the Institute for Development and Research in Banking Technology (IDRBT), Hyderabad, and has been part of several RBI committees and working groups on monetary policy, risk management, and economic research.
Joshi holds a master’s degree in statistics from Nagpur University and a PhD in monetary economics from IIT Madras. Additionally, he has a diploma in development policy and planning from the Institute of Economic Growth, Delhi, and is a Certified Associate of the Indian Institute of Banking and Finance (CAIIB).
As Executive Director, Joshi is expected to enhance RBI’s statistical and financial stability framework, ensuring accurate, real-time data analysis for effective monetary policy decisions. His expertise in cyber risk management, financial analytics, and regulatory technology (RegTech) will further bolster India’s central banking system and macroeconomic stability.
His appointment reinforces RBI’s commitment to leveraging advanced analytics, AI-driven insights, and financial risk modeling to strengthen India’s economic resilience and banking infrastructure.
