Deepak Mohanty (born 1960) is an economist. He holds the post of Chairperson of India’s pension regulator, Pension Fund Regulatory and Development Authority(PFRDA) from March 2023 till May 2025.[1][2] He was Chief Economic Advisor, Federation of Indian Chambers of Commerce and Industry (FICCI) and was an independent Director on a few companies’ Boards.[3] Prior to that, Dr. Mohanty was Whole Time Member, PFRDA.[4]
Deepak Mohanty | |
|---|---|
 | |
| Born | 1960 (India) |
| Nationality |  Indian |
| Academic career | |
| Institution | PFRDA |
| Alma mater | Yale University |
He served as Executive Director of the Reserve Bank of India (RBI). The areas supervised by him were monetary policy, economic research, statistics, financial stability, enforcement of banking regulation, risk management and internal audit & inspection. He had also worked in various positions in economic research and was head of monetary policy department of the RBI.
He served in the International Monetary Fund (IMF) as senior adviser.[5]
He graduated with a bachelor's degree in Physics with honors from Ravenshaw College, Cuttack, in 1979, before going to Jawaharlal Nehru University for his master's degree. He also holds a master's degree in economics from Yale University. He holds a doctorate degree in economics from Gokhale Institute of Politics and Economics.
He has presided over a few committees in RBI for suggesting various policy changes by the central bank.[6] In one such committee, he suggested that only the repo rate should be the signalling rate and that the monetary system should almost always operate in a deficit. One other big suggestion he made is that the government's surplus cash deposited with the RBI should be auctioned so that there is no lead and lag in liquidity.[7]
Mohanty edited and contributed to two books of research papers titled Regional Economy of India: Growth and Finance. [8][9] and Monetary Policy, Sovereign Debt and Financial Stability-The New Trilemma.[10]
He spoke extensively on monetary and financial issues.[11] He delivered the prestigious Prof. Baidyanath Misra Endowment Lecture of the Orissa Economics Association, in 2010. [12][13]
References
edit- ^ "Chairperson PFRDA".
- ^ Srivats, K. R. (15 March 2023). "Centre appoints Deepak Mohanty as PFRDA Chairperson". www.thehindubusinessline.com. Retrieved 19 April 2023.
- ^ "Deepak Kumar Mohanty resigns as IL&FS Company Director". Free Press Journal. Retrieved 19 April 2023.
- ^ "Appointment as WTM(Economics) PFRDA" (PDF).
- ^ "Archives | Details". archivescatalog.imf.org. Retrieved 19 April 2023.
- ^ "Report of the Committee on Medium-term Path on Financial Inclusion".
- ^ "Is Mohanty panel proposal of one policy rate feasible?". Moneycontrol.com. TV18. 21 March 2011. Retrieved 29 June 2015.
- ^ "Regional Economy of India: Growth and Finance". Academicfoundation.com. Archived from the original on 4 March 2016. Retrieved 29 June 2015.
- ^ "Most widely held works by Deepak Mohanty". WorldCat.
- ^ "Monetary Policy, Sovereign Debt and Financial Stability…". Goodreads. Retrieved 19 April 2023.
- ^ "Unconventional Monetary Policy and the Indian Economy (SAARCFINANCE Governors' Symposium at Colombo, Sri Lanka, on 24th July 2014)".
- ^ "Reserve Bank of India - Speeches".
- ^ "Orissa Economics Association | Odisha | India".
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