RBI Appointed Sanjay Kumar Hansda as New ED from March 2026

In October 2025, the Reserve Bank of India (RBI) appointed Sanjay Kumar Hansda as new Executive Director (ED) of the central bank, with effect from March 03, 2026.

• The announcement of Sanjay Kumar appointment came following the completion of his deputation as senior adviser to ED (India) at International Monetary Fund (IMF).

About Sanjay Kumar Hansda:

Experience: Sanjay Hansda has an extensive experience of over 30 years spanning from banking sector, financial and capital markets, interest rates, credit, liquidity management, among others.

• He also has expertise in sovereign/sub-sovereign cash and debt management to Group-20 (G20) issues and inter-regulatory coordination.

Previous Roles: Prior to his appointment as ED, Hansda was serving as adviser in DEPR. He also worked as adviser of Monetary Policy Department; and also served as Officer-in-Charge/Director, Internal Debt Management Department.

• He had also worked as Analyst (financial stability), Bank of England, on a secondment from the RBI.

Member of Committees: He has also served as a member of the committees set up by the Bank of England, Committee on the Global Financial System (CGFS), and the Government of India (GoI).

New Role: Sanjay Hansda as ED will oversee the Department of Economic and Policy Research (DEPR) of RBI.

RBI Reshuffles Deputy Governor Portfolios:

On October 9, 2025, , the RBI restructured the portfolios of its four deputy governors, effective immediately, aiming to boost operational efficiency and streamline leadership roles across the central bank.

Key Portfolio Changes:

• Shirish Chandra Murmu has taken charge as Deputy Governor of the RBI for a three-year term, overseeing key departments such as Communication, Government & Bank Accounts, Regulation, and Enforcement. A veteran of the RBI since 1991, he previously served as Executive Director(ED)
• M. Rajeshwar Rao continues in his role as Deputy Governor, overseeing departments such as Financial Markets Operations, Financial Inclusion and Development, and the Department of Supervision.
• RBI Deputy Governor T. Rabi Sankar will now oversee the Corporate Strategy and Budget Department, previously managed by Deputy Governor Poonam Gupta. He will also be responsible for the Rajbhasha Department, Risk Monitoring Department, and the Secretary’s Department.
• RBI Deputy Governor Swaminathan Janakiraman will now manage 10 departments(Human Resource Management Department, Premises Department, Rajbhasha Department, Central Security Cell (new), Right to Information (RTI) Division (new), Internal Debt Management Department, Department of Banking Regulation, Department of Payment and Settlement Systems, Department of Currency Management, and Department of Risk Monitoring) at the central bank, including two newly added divisions: the Central Security Cell and the Right to Information (RTI) division.
• RBI Deputy Governor Poonam Gupta will oversee six departments, including the Monetary Policy Department, International Department, and Financial Stability Department.