ACC appoints Krishnamurthy Subramanian as Chief Economic Adviser

On December 07, the Department of Personnel and Training stated that the Appointments Committee of the Cabinet (ACC) has approved the proposal to appoint Krishnamurthy Subramanian as the next Chief Economic Adviser for a period of three years. He will succeed Arvind Subramanian, who resigned from the post on June 20, 2018 (earlier than his extended term ended) citing personal reasons.

Krishnamurthy is one of the world’s leading experts in banking and economic policy. His service on the expert committee on governance of banks for The Reserve Bank of India has established him as one of the chief architects of banking reform in India. As a member of the Board of Directors at Bandhan Bank and the National Institute of Bank Management, he is an influential voice in the Indian banking sector.

Krishnamurthy is an Associate Professor of Finance at the Indian School of Business, the top business school in India and the only Indian institution to be ranked in the world’s top 100 for path-breaking research. He holds Ph.D., Financial Economics, from the University of Chicago Booth School of Business; Master of Business Administration (MBA), Banking, Corporate, Finance, and Securities Law, from the same University; Master of Business Administration (MBA), Finance, from IIM Calcutta; and Bachelor of Technology (BTech), Electrical and Electronics Engineering, from the Indian Institute of Technology in Kanpur.

Krishnamurthy has been a part of expert committees on corporate governance for the Securities and Exchange Board of India (SEBI) and on the governance of banks for the Reserve Bank of India (RBI). He also serves as a member of SEBI’s Standing Committees on Alternative Investment Policy, Primary Markets, Secondary Markets and Research. He was also Member and Research Director of P J Nayak Committee constituted by The Reserve bank of India from January 2014 to May 2014.