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  • 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. 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

  • Dr. Sitikantha Pattanaik, Executive Director, Reserve Bank of India, Smt. Indrani Banerjee, Additional Director, CAFRAL, Program speakers and participants at Conference of Chief Economists - Emerging Macroeconomic Challenges on July 27, 2023 | Mumbai

  • Shri. B P Kanungo, Director, CAFRAL, Dr. Sitikantha Pattanaik, Executive Director, Reserve Bank of India, Smt. Indrani Banerjee, Additional Director, CAFRAL, Dr. Ralph De Haas, European Bank for Reconstruction and Development, Dr. Farzana Afridi, Indian Statistical Institute, Delhi and IZA and CAFRAL Research Team with other participants at Joint Research Workshop On "Economic and Financial Barriers and Opportunities to the Green Transition in Emerging Economies" on July 24-25, 2023 | Mumbai

  • Dr. Ralph De Haas, European Bank for Reconstruction and Development at Joint Research Workshop On "Economic and Financial Barriers and Opportunities to the Green Transition in Emerging Economies" on July 24-25, 2023 | Mumbai

  • Dr. Farzana Afridi, Indian Statistical Institute, Delhi and IZA at Joint Research Workshop On "Economic and Financial Barriers and Opportunities to the Green Transition in Emerging Economies" on July 24-25, 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. T V Mohandas Pai
Chaiman of the Board, Manipal Global Education Services Pvt. Ltd.
Mohandas Pai is the Chairman of the Board of Manipal Global Education Services Private Limited and Advisor to the Manipal Education and Medical Group. He is also on the Board of Ascendas Property Fund Trustee Pte Ltd...
Prof. Pushpak Bhattacharyya
Director of IIT Patna, Prof. of CSE, IIT Bombay
Prof. Pushpak Bhattacharyya is the former Director of IIT Patna (2015-20) and Professor of Computer Science and Engineering Department IIT Bombay where he also held the Vijay and Sita Vashi Chair Professorship...
Dr. Pami Dua
Senior Professor of Economics and Director, Delhi School of Economics
Dr. Pami Dua is Senior Professor of Economics and Director of the Delhi School of Economics. She has served as Chairperson, Research Council; Dean Research of Humanities and Social Sciences...
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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