As www.legendofficers.com reported on April 1, Poonam Gupta was the frontrunner among the top four candidates being considered for the RBI Deputy Governor post following Michael Patra’s departure. The central government on Wednesday (02.04.2025) appointed Gupta to the position for a three-year term. She is currently the Director General of the National Council of Applied Economic Research (NCAER), a leading economic policy think tank.
Gupta’s appointment comes just days ahead of the RBI’s Monetary Policy Committee (MPC) meeting, scheduled for April 7-9. She will succeed Michael D. Patra, who served as RBI Deputy Governor from January 2020 to January 2025, overseeing monetary policy, economic and policy research, and financial market operations.
A noted economist, Gupta is a member of the Economic Advisory Council to the Prime Minister and serves as the convener of the Advisory Council to the 16th Finance Commission. She joined NCAER in 2021 after nearly two decades in senior positions at the International Monetary Fund (IMF) and the World Bank in Washington, DC.
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