Deepak Mohanty

Deepak Mohanty is an economist. He holds the post of Chairperson of India’s pension regulator, Pension Fund Regulatory and Development Authority(PFRDA). He was Chief Economic Advisor, Federation of Indian Chambers of Commerce and Industry (FICCI) and was an independent Director on a few companies’ Boards. Prior to that, Dr. Mohanty was Whole Time Member, PFRDA.

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 served in the International Monetary Fund (IMF) as senior adviser.

He graduated with a bachelor's degree in Physics with honors from Ravenshaw College, Cuttack, in 1979, before going to Jawaharlal Nehru University for his master's degree. He also holds a master's degree in economics from Yale University. He holds a doctorate degree in economics from Gokhale Institute of Politics and Economics.

He has presided over a few committees in RBI for suggesting various policy changes by the central bank. 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.

Mohanty edited and contributed to two books of research papers titled Regional Economy of India: Growth and Finance. and Monetary Policy, Sovereign Debt and Financial Stability-The New Trilemma.

He spoke extensively on monetary and financial issues. He delivered the prestigious Prof. Baidyanath Misra Endowment Lecture of the Orissa Economics Association, in 2010.