India names Poonam Gupta as new central bank deputy for three-year term
India appointed Poonam Gupta as central bank deputy governor for a three-year term, the government said on Wednesday.
Gupta currently serves as the Director General of the National Council of Applied Economic Research, India's largest economic policy research institute, and is also a member of the Economic Advisory Council to Prime Minister Narendra Modi.
Gupta was appointed to replace Michael Patra, a career central banker who joined the Reserve Bank of India in 1985 and served as a deputy since mid-January 2020. Patra's term ended earlier in January.
In his role as deputy, Patra was in charge of various key departments including monetary policy, financial markets operations, financial markets regulation and also economic and policy research at the RBI.
