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RBI Deputy Governor T Rabi Sankar gets a year’s extension till May 2025: Report
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
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Summary
Rabi Sankar is in charge of the foreign exchange, currency, and fintech departments at the central bank.
The Reserve Bank of India has reportedly extended its Deputy Governor, T Rabi Sankar’s term by a year to May 2025.
The one-year extension would be applicable from May 3, 2024, according to the order, which was accessed by Reuters.
Rabi Sankar, who was appointed to the post in May 2021, is in charge of the foreign exchange, currency, and fintech departments at the central bank.
Apart from him, Swaminathan J, M Rajeshwar Rao and Dr MD Patra are currently serving as other RBI deputy governors.
Deputy Governor Swaminathan J is said to look after consumer education and protection, supervision, financial inclusion and development, inspection, premises, and Rajbhasha departments; Rajeshwar Rao looks after affairs related to regulation, communication, enforcement, legal, and risk monitoring; and Dr Patra oversees the divisions of monetary policy, financial markets regulation, financial markets operations, deposit and credit guarantee corporation, and economic and policy research, among others.
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