Rohit Jain has been appointed as the Deputy Governor of the Reserve Bank of India (RBI) for a term of three years, effective on or after May 3. He succeeds T Rabi Sankar, whose tenure concludes today. Jain, who has nearly 30 years of experience with the RBI, previously served as an Executive Director from December 2020, where he managed the Department of Supervision, focusing on risk, analytics, and vulnerability assessment. His educational background includes a Master’s degree in Commerce and an MBA, along with professional qualifications such as the International Certificate in Banking Risk and Regulation (ICBRR) and Certified Associate of the Indian Institute of Banking and Finance (CAIIB). Jain is expected to oversee key departments previously managed by Sankar, including Financial Markets Regulation and Foreign Exchange. The RBI is anticipated to announce his specific responsibilities shortly.