February 22, 2024

Joshi can also be a member on the boards of the Reserve Financial institution of India and the nation’s largest financial institution, State Financial institution of India.

The most recent face within the highest echelons of the finance ministry, Vivek Joshi took cost because the Secretary of the Division of Monetary Providers on November 1, 2022 to fill the emptiness created by Sanjay Malhotra’s transfer to the Division of Income following Tarun Bajaj’s retirement.

As the federal government’s prime bureaucrat on the subject of the important thing monetary companies sectors – together with banks, monetary establishments, insurance coverage corporations, and the Nationwide Pension System – Joshi will present essential inputs within the making of the interim funds for 2024-25.

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Joshi can also be a member on the boards of the Reserve Financial institution of India and the nation’s largest financial institution, State Financial institution of India.

Earlier than taking cost because the monetary companies secretary, Joshi was the registrar normal and census commissioner within the Ministry of Dwelling Affairs for 4 years and likewise served as chief government officer of the Gurugram Metropolitan Growth Authority. Joshi, nonetheless, is effectively versed with the inside workings of North Block, having been a joint secretary within the Division of Expenditure from November 2014 to April 2017 the place he suggested within the formulation of the general public procurement coverage and was concerned within the appraisal of publicly funded tasks and schemes in key sectors resembling highway and highways, city improvement, house, atomic power, and railways.

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A 1989-batch IAS officer of the Haryana cadre, Joshi has a PhD and MA in Worldwide Economics from the Geneva Graduate Institute. Earlier than that, he earned a bachelor’s diploma in mechanical engineering from the Indian Institute of Expertise, Roorkee, the place he was additionally a part of the desk tennis group.