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Shri Sanjay Lohiya is a 1994 batch IAS Officer from Assam-Meghalaya cadre. He is currently posted as Secretary, Department of Financial Services, Ministry of Finance w.e.f. 1.6.2026.

Prior to this position, he served as an Additional Secretary in Ministry of Mines. He was also the Principal Secretary to Chief Minister in Government of Assam, Joint Secretary in Ministry of Agriculture, Director in PMO, etc.

He joined Indian Administrative Service (IAS) after graduating from St. Stephen’s College, Delhi University.

Shri K. Moses Chalai is a 1990 batch IAS officer from Manipur cadre. He is currently posted as Secretary, Department of Public Enterprises, Ministry of Finance since April 22, 2025.

Prior to this position, he served Government of India as Secretary, Inter State Council, Ministry of Home Affairs (2024-2025) where he contributed towards preparation of Urban Master Plans and power availability in the country. As Secretary, North Eastern Council, Ministry of DoNER (2019-2024) he worked in the areas of infrastructure, health, education and entrepreneurship. He also worked as Joint Secretary/Additional Secretary, Ministry of Women and Child Development (2016-2019), where he dealt with the flagship programme Beti Bachao Beti Padhao, gender budgeting and women welfare.

During his tenure in the Government of Manipur, he served as Principal Secretary/Secretary (2008-2016) in the areas of health, higher education, horticulture, cooperation, among others. He also worked as Programme Coordinator, North Eastern Region Community Resource Management Project (NERCORMP), Shillong (2003-2008). He handled various other assignments in the state government, including Joint Secretary/Director, as well as DM/ADM/SDM.

Shri Chalai maintains a keen interest in technology- led development, urban development, infrastructure and livelihood.

Shri Shirish Chandra Murmu took charge as Deputy Governor, Reserve Bank of India, on 9^th October 2025. Shri Murmu was Executive Director of the Reserve Bank before being elevated to the post of Deputy Governor.

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 infrastructures.

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).

Shri Arijit Basu is a professional from the Banking and Financial Services industry.

Shri Arijit is Chairman (Non-Executive) of IndusInd Bank. He serves as an Independent Director on the global board of Prudential plc, an insurance company, and is on the board of Peerless Hospitex and Hospital Ltd. He is an advisor to Ares Management Corporation, a global fund manager, is on the Advisory Board of Razorpay and serves as the Chairman of the College of Supervisors of the RBI.

He retired as a Board Member and Managing Director of India’s largest bank, State Bank of India. Prior to that he was the MD & CEO of SBI Life Insurance Company Ltd., the largest private life insurance company in India. During his tenure, the company listed in the stock exchanges. Till recently, he was Chairman (Non-Executive) of HDB Financial Services Ltd.

 Shri Arijit holds an Honours degree in Economics and a Master’s in History from the University of Delhi. He is a Certified Associate of the Indian Institute of Bankers.

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Shri Ramanathan Subramanian is the Director of the College of Supervisors at the Reserve Bank of India. A career central banker with over 30 years of experience, he joined the RBI in March 1990 and has held senior positions spanning banking supervision, government debt management, external operations, financial market regulations and enforcement.  

As Executive Director (2020–2024), he oversaw the Financial Markets Regulation, Internal Debt Management, International, and Foreign Exchange departments, and the DICGC. His prior senior assignments include serving as the Regional Director for Andhra Pradesh and Telangana.  

Shri Subramanian led the RBI’s International Department engagement for the G20 Finance Track during India’s Presidency in 2023, represented the RBI at international forums such as the IMF and BIS, and co-chaired the Joint Technical Coordination Committee with Nepal Rastra Bank. He has served as an RBI Nominee Director on the Export-Import Bank of India and a Nominee Member on the IFSCA. His notable professional accomplishments include managing time-bound deposit insurance payouts for urban co-operative banks and chairing the Committee on MIBOR Benchmark.

He holds a Bachelor of Commerce degree from The American College, Madurai Kamaraj University and a Post Graduate Diploma in Rural Management from the Institute of Rural Management Anand (IRMA), with professional qualifications including AICWA and CAIIB.