Shri Shaktikanta Das, IAS Retd., former Secretary, Department of Revenue and Department of Economic Affairs, Ministry of Finance, Government of India assumed charge as the 25th Governor of the Reserve Bank of India effective December 12, 2018. Immediately prior to his current assignment, he was acting as Member, 15th Finance Commission and G20 Sherpa of India.

Shri Shaktikanta Das has vast experience in various areas of governance in the last 38 years. Shri Das has held important positions in the Central and State Governments in the areas of Finance, Taxation, Industries, Infrastructure, etc.

During his long tenure in the Ministry of Finance, Government of India, he was directly associated with the preparation of as many as 8 Union Budgets. Shri Das has also served as India’s Alternate Governor in the World Bank, Asian Development Bank (ADB), New Development Bank (NDB) and Asian Infrastructure Investment Bank (AIIB). He has represented India in international fora like the IMF, G20, BRICS, SAARC, etc.

Shri Shaktikanta Das is a postgraduate from St. Stephen’s College, Delhi University.

Shri Mahesh Kumar Jain took over as the Deputy Governor of the Reserve Bank of India (RBI) on June 22, 2018. Presently in RBI, his responsibilities include oversight of Supervision, and inclusion Cluster, Consumer Education and Protection along with support services like Rajbhasha, Central Security and Premises Department. Mr. Jain was the Managing Director & Chief Executive Officer of Indian Bank and IDBI Bank, prior to joining Reserve Bank of India.

Dr. Michael Debabrata Patra, a career central banker since 1985, has worked in various positions in the Reserve Bank of India. He has served as the Executive Director of the Bank. He is a member of the Monetary Policy Committee of the Reserve Bank of India, which is invested with the responsibility of monetary policy decision making in India. He has held the position of Principal Adviser of the Monetary Policy Department, Reserve Bank of India since July 2012.  He has also worked in the International Monetary Fund as Senior Adviser to Executive Director (India) during December 2008 to June 30, 2012.

He has published a book and several papers in the areas of inflation, monetary policy, international trade and finance, including exchange rates and the balance of payments.   A Fellow of the Harvard University where he undertook post-doctoral research, he has a Ph.D. in Economics from the Indian Institute of Technology, Mumbai. 

Mohandas Pai is the Chairman of the Board of Manipal Global Education Services Private Limited and Advisor to the Manipal Education and Medical Group. He is also on the Board of Ascendas Property Fund Trustee Pte Ltd. (APFT). Recently, he has co-founded AARIN Capital to invest in starts-ups in the areas of Technology, Ecommerce, Health Care and Life Science. He is based out of Bangalore, India.

Mohandas actively interfaces with key leadership at Indian Regulators to improve the business ecosystem. His areas of focus are Education, Information Technology (IT) and Human Resource Development aimed at improving the quality of education and availability of skilled human resources in the Country.

Mohandas was a Member of the Board of the Securities and Exchange Board of India (SEBI) and, was for many years before, a Member of SEBI’s sub-committee on Accounting Standards. He is currently the Chairman of SEBI Primary Markets Advisory Committee (PMAC). He was a Trustee of the International Financial Reporting Standards (IFRS) Foundation, the body that oversees the International Accounting Standards Board (IASB), for nearly six years now. He was a Member of the Dr. Anil Kakodkar Committee on Autonomy for the IITs and the Karnataka Knowledge Commission. He is currently a Member on the Boards of IIT – Bhubaneswar and IPE, Hyderabad.

Mohandas was a Member of the Kelkar Committee, constituted by the Ministry of Finance, Government of India, to reform direct tax regulations. He was also a Member of the Non-Resident Taxation Committee, the High Powered Committee on e-Commerce and Taxation, and the Empowered Committee for setting up the Country’s Tax Information Network.

Until mid-2011, he was a Member of the Board at Infosys Limited, Bangalore (formerly Infosys Technologies Limited) where he headed Human Resources; the Infosys Leadership Institute; Education & Research; Administration; and Infrastructure & Facilities. He was also the Chairperson of the Board of Infosys BPO Limited, a leading global business process outsourcing services provider, for seven years. Additionally, the Finacle and Platform Group business units reported into him.

Mohandas joined Infosys in 1994 and was elevated to a Member of the Board in 2000. He was Infosys’s CFO from 1994 to 2006. In 2006, he voluntarily relinquished the role to lead Human Resources and Education & Research. In June 2011, Mohan stepped out of Infosys to pursue his other long-standing passion - higher education for human development.

As CFO at Infosys, he played a strategic role in transforming the Company into one of the worlds most respected and well known software services companies. He formulated India’s first publicly articulated corporate financial policy, played a pivotal role in branding the company amongst the investor community and set new standards in transparency and disclosure across the Indian corporate sector. As CFO, he won multiple awards in Finance & Accounting. He was voted ’CFO of the Year’ in 2001 by IMA India, the very first year an Indian award was instituted. He also won the ’Best CFO in India’ award from Finance Asia in 2002, and ’Best Chief Financial Officer in India’ in the Best Managed Companies poll conducted by Asia Money in 2004 and many others. He was honored with the Kannada Rajyotsava Award for his exemplary public service. Under his supervision Infosys’s annual report won the Best Presented Annual Accounts Award from the Institute of Chartered Accountants of India for 10 consecutive years as well as the award from the South Asia Federation of Accountants. He was honoured with the Karnataka Rajyotsava Award for his exemplary public service in 2009.

Mohandas was a key player in the development of the IT services industry and instituted several industry-firsts. He was instrumental in instituting India’s first employee stock option plan that enabled employees across Infosys to be part of and consequently to share in the wealth creation by the company. In India, this was the first ever employee stock option plan, which has since been widely emulated. At Infosys, he led the first listing of an India-registered company on the NASDAQ and the first sponsored secondary offering of American Depositary Shares. He was an early adopter of US Sarbanes -Oxley regulations. Infosys was among the first corporations outside of the United States to comply with this regulation, two years ahead of the deadline for implementation mandated to foreign filers.

Mohandas has a keen interest in human development through education such as illiteracy eradication through the promotion of primary education. In 2000, he along with certain other philanthropists set up the Akshaya Patra Foundation, Bangalore - a mid-day meal program for school going children. Today, the program feeds over 1.3 million children each day, a hot unlimited midday meal in 8,500 government schools across nine Indian states - Karnataka, Andhra Pradesh, Chattisgarh, Rajasthan, Gujarat, Odisha, Assam, Uttar Pradesh and New Delhi. This program aims to feed 5 million children by 2020. Mohan continues to make substantial personal contributions to the program. This initiative has become the largest mid-day meal program in the world.

He holds a BCom from St. Joseph’s College of Commerce, Bangalore and LLB from Bangalore University. He is also a Fellow Member of the Institute of Chartered Accountants of India.
 

Prof. Pushpak Bhattacharyya is the former Director of IIT Patna (2015-20) and Professor of Computer Science and Engineering Department IIT Bombay where he also held the Vijay and Sita Vashi Chair Professorship. Prof. Bhattacharyya’s research areas are Natural Language Processing, Machine Learning and AI (NLP-ML-AI).

Prof. Bhattacharyya has published more than 350 research papers in various areas of NLP. Author of the text book ‘Machine Translation’ Prof. Bhattacharyya has shed light on all paradigms of machine translation with abundant examples from Indian Languages. Two recent monographs by him called 'Investigations in Computational Sarcasm' (with Dr. Aditya Joshi) and 'Cognitively Inspired Natural Language Processing- An Investigation Based on Eye Tracking' (with Dr. Abhijit Mishra) describe cutting edge research in NLP and ML.

Prof. Bhattacharyya is Fellow of Indian National Academy of Engineering (FNAE) (elected 2015). For sustained contribution to technology he received the Manthan Award of Ministry of IT (2009), P.K. Patwardhan Award of IIT Bombay (2008) and VNMM Award of IIT Roorkey (2014). He is also Distinguished Alumnus Awardee (2018) of IIT Kharagpur. Recently, he has been selected as prestigious Abdul Kalam National Fellow for his outstanding contributions in the field of Natural Language Processing, Machine Learning, Artificial Intelligence as well as contribution in the growth of engineering profession in the country. Very recently he has been appointed by Reserve Bank of India as member of Governing Council of Centre of Advance Financial Research and Learning.

Dr. Pami Dua is Senior Professor of Economics and Director of the Delhi School of Economics. She has served as Chairperson, Research Council; Dean Research of Humanities and Social Sciences; and Dean of Academic Activities and Projects at the University of Delhi.

She was an external member of the first Monetary Policy Committee of the Reserve Bank of India. She has also served as the President of the Indian Econometric Society. She has been Editor of the Indian Economic Review, a reputed journal of the Delhi School of Economics, for almost two decades. She is affiliated with the Economic Cycle Research Institute, New York and has been the Principal Coordinator from India of the United Nations World Project LINK.

She has published numerous research papers in reputed international journals as well as books and book chapters in her fields of study viz. time series econometrics, forecasting, macroeconometrics, monetary policy and business cycle analysis.

She has over three decades of experience in teaching of macroeconomics, econometrics and forecasting. She earlier taught at the University of Connecticut, USA and Wayne State University, Michigan, USA. She has also been affiliated with Yale University as well as Columbia University. 

She completed her B.A. (Hons.) in Economics from Lady Shri Ram College, University of Delhi. She obtained her Masters and Doctorate in Economics from London School of Economics.

She has been conferred the highest honour of the University of Delhi -- Nishtha Dhriti Satyam Samman. She has also been honoured with the Distinguished Alumni Award from Lady Shri Ram College. She is also the recipient of the Distinguished Alumni Award (Honorary) from the Dayalbagh Educational Institute.  

Prof. Partha Ray joined NIBM as Director in May 2021. He was Professor of Economics at the Indian Institute of Management Calcutta during December 2011 – April 2021, where he taught Macroeconomics, Global Political Economy, and Recent Issues on Monetary Policy and Banking. During 2007 – 2011, he was Adviser to the Executive Director (India) at the International Monetary Fund, Washington D.C. Earlier (during 1989-2006) he was working in the specialist cadre of Economists in the Reserve Bank of India (RBI); his last position was Director, Department of Economic and Policy Research, RBI. Educated in Kolkata, Mumbai and Oxford, he has written extensively on issues relating to Indian economy, global financial crisis, monetary policy, banking and finance.  

Dr. Sajjid Z. Chinoy is Managing Director and Chief India Economist at J.P. Morgan, and a member of the Economic Advisory Council to India’s Prime Minister (EAC-PM). He also serves on an Advisory Group set up by India’s Ministry of Finance on G20 issues in the run-up to India assuming the G20 Presidency in 2022. He is a member of the Next Bretton Woods Group (NBWG) of rising leaders in economic policy set up under the auspices of the Peterson Institute for International Economics in Washington D.C. Dr. Chinoy previously served on the Advisory Council to India’s 15th Finance Commission and was a member of the “Expert Committee to Revise and Strengthen the Monetary Policy Framework” set up by the RBI which proposed inflation targeting in India in 2014. He has served on other RBI committees including Offshore Rupee Markets and Developing a Secondary Market for Corporate Loans. In 2016, he served as a consultant to the FRBM Review Committee which proposed a new fiscal anchor for India.

Dr. Chinoy has been ranked as one of India’s Best Fixed Income Researchers by Asset Magazine for every year since 2013, and was awarded the J.P. Morgan Excellence Award for Value Creation in 2011. He has co-edited a book, “India’s External, Financial and Fiscal Policies” with Dr. Anne O. Krueger, former First Deputy Managing Director of the IMF, and his research has been published in books, conference volumes, IMF and RBI working papers, and journals.

Dr. Chinoy has previously worked at the IMF and McKinsey & Company. He received his Ph.D. at Stanford University. His Ph.D. dissertation won the EXIM Bank award for the best dissertation by an Indian national in 2001.

Dr. Ravindra H. Dholakia has experience of teaching, research, training and consultancy for about 45 years at IIM Ahmedabad (1985 to 2018); M.S. University of Baroda (1980-1985); and SPIESR Ahmedabad (1977-80). His areas of research interest are macroeconomic policies; growth and development including agriculture, urbanization, labour, productivity, health and education; national and sub-national accounts. He has considerable practical experience of working in high powered policy making and evaluation bodies in India such as Member of the first Monetary Policy Committee of India that decides the policy rates (2016-20); Member of the Sixth Central Pay Commission (2006-08) deciding revision of the pay and pension of more than 10 million employees in India; Member of the High Level Committees on 10^th Advisory Board of CAG (2021-23), Assisting the Government for assessment of relief to Bank Borrowers (2020), Leveraging Postal Network in India (2014), Pay Rationalisation and Restructuring for Air India (May 2011- March 2012), Public Expenditure Management (2009-10), and on Savings and Investment Estimation (2008-09) appointed by the Government of India. He also worked as a Member of the Expert Committee on Economic Revival Measures including Fiscal Restructuring in the State Economy Post-COVID-19 Pandemic (2020), Restructuring of the State Public Sector Units (2004-08), the Public Debt Management Committee (2005-06), and the State Public Finance Reform Committee (1998 – 2000) appointed by the Government of Gujarat. Dr. Dholakia has chaired Committees on Financial Sector Statistics (2016-18), Sub-National Accounts (2018-20) appointed by the Ministry of Statistics and Programme Implementation, Government of India, and Cost Saving and Resource Use Optimization in Air India (2013), appointed by Ministry of Civil Aviation, Government of India. He has carried out numerous consulting assignments in the private and public sector companies in India and has done work for the international organizations like WHO, UNICEF, World Bank, UNDP, Hewlett Foundation, United Nations, UN–Mongolia, etc. He has written about 49 monographs, 23 books, and more than 140 research papers published in journals of national and international repute and guided 41 students successfully for doctoral degree. Dr. Dholakia has served as an independent director on the Boards of Gujarat State Financial Services, National Commodity and Derivatives Exchange, Power Finance Corporation, State Trading Corporation, Air India, Union Bank of India, Adani Ports and Special Economic Zone, Adani Enterprises, Adani Transmission, Gujarat State Petroleum Corporation, Gujarat State Fertilizer and Chemicals, Gujarat Industries Power Company, etc.

Shri. B.P. Kanungo joined as the Director of CAFRAL on September 20, 2021.  He was previously Deputy Governor with the Reserve Bank of India looking after the Department of Currency Management, Department of External Investments & Operations, Department of Government & Bank Accounts, Department of Information Technology, Department of Payment & Settlement Systems, Foreign Exchange Department, Internal Debt Management Department, Legal Department and Premises Department.Shri Kanungo, a career central banker, joined the Reserve Bank of India in September 1982. He has worked in several functional areas of the bank including banking & non-banking supervision. He headed the regional offices of the Reserve Bank at Jaipur and Kolkata besides holding the position of the Banking Ombudsman for Madhya Pradesh and Chhattisgarh. As Executive Director, he was responsible for Foreign Exchange Management, Internal Debt Management and Government and Bank Accounts.Shri Kanungo represented RBI in the International Committee on Global Financial System, Financial Stability Board.  He was Chairman of Bharatiya Reserve Bank Note Mudran Private Limited, Chairman of the Governing Board of Indian Institute of Bank Management, Guwahati and RBI Nominee Director on the Boards of National Bank for Agriculture and Rural Development, National Housing Bank, Reserve Bank Information Technology Private Limited, etc.