Shirish Chandra Murmu takes charge as RBI deputy governor for three-year term

Shirish Chandra Murmu has taken charge as Deputy Governor of the Reserve Bank of India (RBI) with effect from October 9, 2025, following the Government of India’s notification dated September 30, 2025. His appointment is for a period of three years or until further orders, whichever is earlier.Murmu, who was serving as Executive Director of the Reserve Bank before his elevation, will oversee the Department of Communication, Department of Government and Bank Accounts, Department of Regulation, and the Enforcement Department in his new role.A career central banker with over 33 years of experience, Murmu joined the RBI in 1991 and has served in various capacities across regulation, supervision, and information technology management. As Executive Director, he headed the Department of Supervision and the Secretary’s Department.
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He has chaired several key internal committees, including the Inter-Institutional Committee on Comprehensive Review of Priority Sector Lending Certificates and the Internal Group on Regulation Cluster (Commercial and Cooperative Banking, Non-Banking). Murmu was also an invitee to the Regulatory Review Authority 2.0 and a member of the Internal Working Group to Review Ownership Guidelines and Corporate Structure for Indian Private Sector Banks.Earlier, Murmu served as RBI nominee director on the boards of Bank of India, Dena Bank, and ECGC Limited. He has also held positions as Regional Director at the Kolkata Office and Chief General Manager in the Department of Information Technology at the Central Office. Murmu holds a Master’s degree in Life Sciences from Jawaharlal Nehru University, New Delhi, and is a Certified Associate of the Indian Institute of Banking (CAIIB).Also Read: RBI reforms excellent and timely, says KV Kamath as banks re-enter the corporate credit gameFirst Published: Oct 9, 2025 10:41 PM IST

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