**Executive Summary**
This press release, dated October 9, 2025, announces Shri Shirish Chandra Murmu's appointment as the Deputy Governor of the Reserve Bank of India (RBI). Effective October 9, 2025, or until further notice, Murmu's term will be for a period of three years. He will oversee several departments, including Communication, Government and Bank Accounts, Regulation, and Enforcement.
**Key Points / Main Content**
* **Appointment and Term:**
* Shri Shirish Chandra Murmu has taken over as Deputy Governor of RBI, effective October 9, 2025.
* His term is for three years or until further orders, whichever is earlier.
* The appointment is in pursuance of the Government of India notification dated September 30, 2025.
* **Responsibilities:**
* As Deputy Governor, Murmu will oversee the following departments: Department of Communication, Department of Government and Bank Accounts, Department of Regulation and Enforcement.
* **Background:**
* Shri Murmu previously served as Executive Director of the Reserve Bank.
* He has over 33 years of experience in central banking, having joined the Reserve Bank in 1991.
* His past roles include oversight of the Department of Supervision and Secretary's Department.
* He has expertise in regulation, supervision of regulated entities, and IT infrastructure management.
* He has headed high-level internal committees to review RBI regulations.
* He chaired the "Inter-Institutional Committee on Comprehensive Review of Priority Sector Lending Certificates."
* He was an invitee in the “Regulatory Review Authority 2.0”
* He was a member of the “Internal Working Group to Review Extant Ownership Guidelines and Corporate Structure for Indian Private Sector Banks"
* He has served as RBI Nominee Director on the Boards of Bank of India, Dena Bank, and ECGC Limited.
* Past roles include Regional Director of Kolkata Office and Chief General Manager in the Department of Information Technology.
* He has held senior management roles in banking regulation and currency management.
* **Education:**
* Murmu holds a Master's degree in Life Sciences from Jawaharlal Nehru University, New Delhi.
* He is also a Certified Associate of Indian Institute of Banking (CAIIB).
**Impact Analysis**
**RBI**
*Impact*
The RBI gains a new Deputy Governor with extensive experience in central banking.
*Action Required*
Ensure smooth transition and integration of Shri Murmu into the Deputy Governor role.
**Shri Shirish Chandra Murmu**
*Impact*
Assumes the role of Deputy Governor, gaining new responsibilities and influence within the RBI.
*Action Required*
Fulfill the duties and responsibilities of the Deputy Governor role, overseeing the designated departments effectively.
Key Entities Referenced
Reserve Bank of India: Central bank of India, responsible for monetary policy and regulation of the banking system.
Shirish Chandra Murmu: Newly appointed Deputy Governor of the Reserve Bank of India, responsible for various departments.
Regulatory Review Authority 2.0: Committee set up by the Reserve Bank to review regulations.
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व ब ैंक
RESERVE BANK OF INDIA
वेबसाइट : www.rbi.org.in/hindi संचार वर्भाग, केंद्रीय कायाालय, शहीद भगत ससिंह मागा, फोटा, म िंबई - 400 001
Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,
ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
October 09, 2025
Shri Shirish Chandra Murmu takes over as RBI Deputy Governor
In pursuance of the Government of India notification dated September 30, 2025,
Shri Shirish Chandra Murmu took over as the Deputy Governor of Reserve Bank of
India today (October 09, 2025) for a period of three years or until further orders,
whichever is earlier.
Shri Murmu was Executive Director of the Reserve Bank before being elevated
to the post of Deputy Governor.
As Deputy Governor, Shri Murmu will look after Department of Communication,
Department of Government and Bank Accounts, Department of Regulation and
Enforcement Department.
Shri Murmu, a career central banker with more than 33 years of vast and
diverse experience, joined the Reserve Bank in 1991 and has worked in various
positions. As Executive Director, he was looking after the Department of Supervision
and Secretary’s Department. His areas of expertise include regulation and supervision
of regulated entities and management of IT infrastructure.
Shri Murmu has headed several high-level Internal committees to review the
RBI regulations in various areas. He was the Chairperson of “Inter-Institutional
Committee on Comprehensive Review of Priority Sector Lending Certificates” and“Internal Group on Regulation Cluster (Commercial and Cooperative Banking, Non-
Banking)”. He was an Invitee in the “Regulatory Review Authority 2.0” set up by the
Reserve Bank in April 2021 and Member of the “Internal Working Group to Review
Extant Ownership Guidelines and Corporate Structure for Indian Private Sector Banks”
constituted by the Reserve Bank in 2020.
Shri Murmu has served as RBI Nominee Director on the Boards of Bank of India
and Dena Bank in the past, as well as on the Board of ECGC Limited. Shri Murmu has
also served as the Regional Director of Kolkata Office and as the Chief General
Manager in Department of Information Technology, Central Office of the Reserve
Bank. He has also held senior management roles in other key central banking areas,
including Banking Regulation and Currency Management.
Shri Murmu holds a Master’s degree in Life Sciences from Jawaharlal Nehru
University, New Delhi. He is also a Certified Associate of Indian Institute of Banking
(CAIIB).
(Brij Raj)
Press Release: 2025-2026/1283 Chief General Manager