Bhattacharyya has over 28 years of experience in central banking, of which 23 years have been spent in the RBI

Informist New Delhi

The central board of the Reserve Bank of India has nominated Executive Director Indranil Bhattacharyya as an ex-officio member of the Monetary Policy Committee. Bhattacharyya will be the third RBI official in the MPC, replacing Executive Director Rajiv Ranjan, who is scheduled to retire before the October meeting of the rate setting panel.

The RBI's central board met Friday, where it also assessed the emerging global and domestic economic landscape, including the geopolitical and financial market developments and associated challenges. "The Board reviewed the functioning of select Central Office Departments of the Bank and also of Committees of Central Board and the Ombudsman Scheme," the RBI said in a release. 

Bhattacharyya has over 28 years of experience in central banking, of which around 23 years have been spent in the RBI. He joined the RBI in September 1996 and worked there till 2009. Bhattacharyya worked in the Qatar Central Bank as an economic expert between 2009 and 2014, before returning to the RBI. He has spent a large part of his career working on monetary policy and was previously chief general manager in the RBI's Monetary Policy Department.