Rohit Jain Appointed as New RBI Deputy Governor for Three-Year Term
Rohit Jain has been appointed as a Deputy Governor of the Reserve Bank of India (RBI) for a three-year term, replacing T. Rabi Sankar, whose extended tenure ended on Saturday. Mr. Jain, currently an Executive Director at the RBI, was approved by the Appointments Committee of the Cabinet. As per the RBI Act, 1934, the RBI is mandated to have four Deputy Governors, with specific roles for two from within the ranks, a commercial banker, and an economist. This appointment ensures the continuity of leadership in the central bank's monetary policy and regulatory functions.
Key Points
- Rohit Jain has been appointed as RBI Deputy Governor for a three-year term.
- He replaces T. Rabi Sankar, whose extended tenure ended.
- Mr. Jain was previously an Executive Director at the RBI.
- The RBI Act, 1934, mandates four Deputy Governors with specific profiles.
Exam Facts
- Rohit Jain appointed as RBI Deputy Governor.
- Term is for three years, starting May 3.
- Replaces T. Rabi Sankar.
- RBI Act, 1934, mandates four Deputy Governors.
- Other Deputy Governors: Swaminathan J, Poonam Gupta, S. C. Murmu.
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