Mumbai, October 9, 2025 — The Reserve Bank of India (RBI) has announced a key leadership appointment, naming Mister Sanjay Kumar Hansda as Executive Director (ED), effective March 3, 2025.
The announcement comes as Hansda returned to the central bank on October 6, 2025, after completing his deputation as Senior Advisor to the Executive Director (India) at the International Monetary Fund (IMF).
Veteran Banker Takes Charge of Policy Research
In his new role, Hansda will oversee the Department of Economic and Policy Research, a crucial wing that shapes India’s monetary policy framework and economic analysis.
Before his promotion, he served as Adviser in the Department of Economic and Policy Research. His career trajectory at RBI also includes pivotal roles as Adviser in the Monetary Policy Department and Officer-in-Charge/Director of the Internal Debt Management Department.
Three Decades of Central Banking Excellence
Hansda’s impressive career spans over 30 years in central banking and economic research. His expertise covers critical areas including:
- Banking sector operations
- Money and credit policy
- Interest rates and liquidity management
- Growth and inflation dynamics
- Financial and capital markets
- Industry and services sector analysis
- National and monetary accounts
- Savings and flow of funds
- Government cash and debt management
He has also contributed significantly to G-20 deliberations, sovereign-foreign currency reserves, and inter-regulatory coordination initiatives.
International Experience at Bank of England
Adding to his credentials, Hansda served as Analyst (Financial Stability) at the Bank of England on secondment from RBI, gaining valuable international central banking experience.
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He has been an active member of several high-profile committees, including those established by the Bank of England, the Committee on the Global Financial System (CGFS), and various Government of India panels. His contributions extend to numerous internal and external committees and working groups.
Academic Credentials
Hansda holds a post-graduate degree in economics from Jawaharlal Nehru University and a diploma in financial services management from Jamnalal Bajaj Institute of Management Studies, University of Mumbai.
His strong academic foundation combined with practical experience positions him well to navigate India’s evolving economic landscape.
Strategic Appointment Amid Economic Challenges
The appointment comes at a crucial time as India’s central bank navigates complex economic challenges including inflation management, growth sustainability, and global financial market volatility.
With his extensive experience in monetary policy formulation and economic research, Hansda is expected to bring fresh insights to the RBI’s policy-making apparatus.
The Department of Economic and Policy Research under his leadership will continue to play a vital role in analyzing economic trends and providing data-driven recommendations for India’s monetary policy framework.
About Reserve Bank of India
The Reserve Bank of India is India’s central banking institution, which controls the monetary policy of the Indian rupee. Founded on April 1, 1935, the RBI plays a crucial role in the development strategy of the Government of India.
