Deepak Mohanty (born 1960) is an Indianeconomist. He served as Chairman of the 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]
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 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]
Works
Mohanty edited and contributed to three books of research papers titled Regional Economy of India:Growth and Finance. [8][9],Monetary Policy,Sovereign Debt and Financial Stability-The New Trilemma.[10] and Pension Security in India:Progress and Prospects.[11]
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