With over three and a half decades of service with the Reserve Bank of India, Madhavan has worked in multiple facets of Central Banking in various capacities. He has rich experience in Economic Research, Banking and Non-Banking Supervision and Regulation, Payment System, accounting structure of the Central Bank, IT Project Management and General Central Banking. He had conceived, managed and implemented several critical Information Technology projects, including the Core Banking Solutions for the RBI. He had been part of several pioneering efforts by the Reserve Bank of India in the Payment System space, including the architecture and design and implementation of loosely coupled RTGS with the Core Banking Solution of the Reserve Bank of India. He holds a Masters in Economics from the University of Madras.