RBI's New Deputy Governor

• In a significant administrative decision, the Government of India has approved the appointment of a new Deputy Governor at the Reserve Bank of India (RBI).

• Rohit Jain has been selected for this position, and his tenure is set to commence on May 3, 2026. This decision was taken following the approval of the Appointments Committee of the Cabinet (ACC).

• Rohit Jain will succeed former Deputy Governor T. Rabi Sankar, whose tenure recently concluded.

• His appointment is viewed as a significant step toward further strengthening the RBI's leadership and maintaining institutional stability.

• Rohit Jain possesses extensive experience spanning nearly 30 years in the field of central banking. Prior to this, he served as an Executive Director at the RBI since December 2020, where he was responsible for overseeing the Department of Supervision.