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  • Shri Shaktikanta Das, Governor, Reserve Bank of India delivering keynote address at CAFRAL Conference on Resolution of Stressed Assets and IBC – Future Road Map on January 11, 2024 | Mumbai

  • Release of India Finance Report 2023 - "Connecting the Last Mile" by Hon. Governor, Reserve Bank of India, Shri Shaktikanta Das on November 7, 2023 | Mumbai

  • Shri. B.P. Kanungo, Director, CAFRAL, Smt. Indrani Banerjee, Additional Director, CAFRAL and other delegates at CAFRAL Annual Conference: The Financial System and Macroeconomy in Emerging Economies on December 11-12, 2023 | Trivandrum

  • Shri J K Dash, Executive Director, Reserve Bank of India, Smt. Indrani Banerjee, Additional Director, CAFRAL, speakers and participants at Conference of Chief Risk Officers and Heads of Risk Management: Managing Non Financial Risks on December 20, 2023 | Mumbai

  • Shri. Ashwini Kumar Tewari, Managing Director, State Bank of India, Smt. Indrani Banerjee, Additional Director, CAFRAL and participants at Program on Governance and Assurance for Directors on Board of Banks, FIs and NBFCs on November 17, 2023 | Mumbai

  • Shri. J K Dash, Executive Director, Reserve Bank of India, Smt. Indrani Banerjee, Additional Director, CAFRAL and participants at Program on Data Protection, Data Privacy and Data Localization on September 11, 2023 | Mumbai

  • Shri Ajay Kumar Choudhary, Executive Director, Reserve Bank of India, Smt. Indrani Banerjee, Additional Director, CAFRAL, Program speakers and participants at Conference on Central Bank Digital Currency on August 25, 2023 | Mumbai

About Cafral


The Centre for Advanced Financial Research and Learning (CAFRAL) is an independent body set up by the Reserve Bank of India (RBI) in the backdrop of India’s evolving role in the global economy, in the financial services sector and its position in various international fora. CAFRAL seeks to develop into a world class global institution for research and learning in banking and finance.

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Governing Council

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Shri. Shaktikanta Das (Chairman)
Governor, Reserve Bank of India
Shri Shaktikanta Das, IAS Retd., former Secretary, Department of Revenue and Department of Economic Affairs, Ministry of Finance, Government of India assumed charge as the 25th Governor of the Reserve Bank of India..
Dr. Michael Debabrata Patra
Deputy Governor, Reserve Bank of India
Dr. Michael Debabrata Patra, a career central banker since 1985, has worked in various positions in the Reserve Bank of India. He has served as the Executive Director of the Bank. He is a member of the Monetary Policy...
Shri Swaminathan Janakiraman
Deputy Governor, Reserve Bank of India
Shri Swaminathan Janakiraman, was appointed as the Deputy Governor of the Reserve Bank of India in June 2023...
Prof. Partha Ray
Director, National Institute of Bank Management (NIBM)
Prof. Partha Ray joined NIBM as Director in May 2021. He was Professor of Economics at the Indian Institute of Management Calcutta ...
Dr. Sajjid Z. Chinoy
Managing Director and Chief India Economist, J.P. Morgan
Dr. Sajjid Z. Chinoy is Managing Director and Chief India Economist at J.P. Morgan, and a member of the Economic Advisory Council...
Dr. Ravindra H. Dholakia
Director, Central Board of RBI
Dr. Ravindra H. Dholakia has experience of teaching, research, training and consultancy for about 45 years at IIM Ahmedabad (1985 to 2018); M.S. University of Baroda...
Shri. B. P. Kanungo
Director, CAFRAL
Shri. B.P. Kanungo joined as the Director of CAFRAL on September 20, 2021. He was previously Deputy Governor with the Reserve Bank of India looking after the Department...

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