Rohit Jain Appointed as New Deputy Governor of Reserve Bank of India
Govt appoints Rohit Jain as RBI Deputy Governor
News 18
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The Indian government has appointed Rohit Jain as the Deputy Governor of the Reserve Bank of India (RBI) for a three-year term, succeeding T Rabi Sankar. Jain, who is currently an Executive Director at the RBI, will assume his role on or after May 3, 2023.
- 01Rohit Jain appointed as Deputy Governor of the Reserve Bank of India.
- 02He replaces T Rabi Sankar, whose tenure ended recently.
- 03Jain will serve a three-year term starting on or after May 3, 2023.
- 04The RBI requires four deputy governors with specific qualifications.
- 05Other current deputy governors include Swaminathan J, Poonam Gupta, and S C Murmu.
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On May 2, 2023, the Indian government announced the appointment of Rohit Jain as the new Deputy Governor of the Reserve Bank of India (RBI) for a term of three years. Jain, who is currently serving as an Executive Director at the RBI, will officially take on his new role on or after May 3, 2023. He replaces T Rabi Sankar, whose extended tenure concluded recently. As per the Reserve Bank of India Act of 1934, the central bank is mandated to have four deputy governors, with specific roles designated for internal candidates, a commercial banker, and an economist. The other deputy governors currently serving alongside Jain are Swaminathan J, Poonam Gupta, and S C Murmu.
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Jain's appointment may influence India's monetary policy and banking regulations, impacting economic stability and growth.
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