RBI redistributes deputy governors’ portfolios after Sankar’s appointment

Write-up T Rabi Sankar’s appointment as deputy governor, the Reserve Bank of India (RBI) has redistributed the portfolios of the deputy governors. Sankar was named the fourth Deputy Governor of the central lender, succeeding B P Kanungo, who retired on April two following receiving a a single-12 months extension.

Rabi Sankar now joins Mahesh Kumar Jain, Michael Patra, and Rajeshwar Rao as the fourth deputy governor of the central lender.

Sankar has been specified portfolios this kind of as the department of currency administration, external investments and operations, federal government and lender accounts, details technological innovation, payment and settlement methods, international exchange department, inner debt administration, and proper to details division.

Sankar was the government director of RBI prior to remaining appointed as the deputy governor and was in cost of the payments method, fintech, details technological innovation, and hazard administration.

As a portion of the reshuffle, M K Jain will now be in cost of central safety cell, consumer schooling, department of supervision, financial inclusion and improvement, human resource, among the other individuals.

Michael Debabrata Patra will be heading portfolios this kind of as department of overall economy and policy analysis, department of data and details administration, deposit insurance policy and credit history assure corporation, financial markets procedure, financial markets polices, financial security device, financial policy department, and global department.

And, M Rajeshwar Rao will be handling regulation, communication, enforcement, inspection, authorized department and hazard monitoring department.

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