Mr. Jitendra Asati, an Indian Economic Service (IES) officer of 2010 batch, who is currently serving as Director in Department of Financial Services, has been Nominated as Director on the Board of IFCI Limited.
Mr. Asati, the all-India topper of IES, joined the government as an Economist Bureaucrat in January 2010.
During these formative years, he has served with distinction in various roles in the Ministry of Finance, India’s Mission in Washington DC, and Ministry of Petroleum & Natural Gas.
Before joining government, Mr. Asati served as Gr B Officer in RBI. Mr. Asati left indelible imprints as the Assistant Director in Ministry of Finance, where he handled the desks of Financial Stability and Development Council, External Markets and Foreign Direct Investment.
He played a crucial role in shaping the External Commercial Borrowings Policy and drafting investment regulations under the Foreign Exchange Management Act.
In Washington DC, Mr. Asati played a key role in enhancing collaboration between India and the US across vital areas such as Economic, Trade & Investment Relations. Serving as Officer on Special Duty to the Union Petroleum Minister, he made notable strides in driving several groundbreaking reforms within the Oil and Gas Sector, focusing on initiatives like Pricing reforms, Subsidy rationalization, and improving the quality of life.
Within the Department of Financial Services (DFS), Mr. Asati has been tasked with advancing financial inclusion, increasing agricultural credit to stimulate rural economic growth, and bolstering the sustainability of Regional Rural Banks nationwide.
Throughout his academic journey, Mr. Asati has been honored with gold medals and Certificate of Excellence.
He holds an M.Phil from Jawaharlal Nehru University and has been awarded the All India Junior Research Fellowship. Additionally, he has authored numerous articles in prominent journals and leading economic publications covering a diverse array of topics, including economic reforms, governance, oil price fluctuations, sustainable energy, and bilateral economic partnerships.
