Poonam Gupta has officially assumed charge as deputy governor of the Reserve Bank of India, taking over departments of monetary policy, and financial markets, among others.

She was appointed in early April. 

As a deputy governor in charge of monetary policy, Gupta will also join the central bank’s six-member Monetary Policy Committee, replacing Rajeswar Rao, who handled the department for an interim period after Michael Patra’s term ended in January.

Gupta takes charge at a pivotal moment, as the RBI is in the midst of reviewing its liquidity management framework, a process with significant implications for the banking system and financial markets. The review is aimed at enhancing the effectiveness of monetary transmission and ensuring durable financial stability.

Gupta was the Director General of the National Council of Applied Economic Research. 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 holds a Ph.D. in Economics from the University of Maryland and a Master’s degree from the Delhi School of Economics. She has been a professor at the Indian Council for Research on International Economic Relations and the Delhi School of Economics.

She has also worked as a researcher at the International Monetary Fund.

Gupta’s portfolio includes Economic and Policy Research, Corporate Strategy and Budget, Department of Communication, Department of Statistics and Information Management, Financial Stability, and International Department.