Govt names Rohit Jain as new Deputy Governor of Reserve Bank of India

The government has named Rohit Jain as the new Deputy Governor of the Reserve Bank of India for a three-year tenure.

Jain succeeds T Rabi Sankar, whose prolonged term concluded this Saturday.

The Appointments Committee of the Cabinet cleared his selection for a three-year duration, effective from his start date on or after May 3.

As mandated by the RBI Act of 1934, the central bank must maintain four deputy governors: two internal promotes, one commercial banking specialist, and an economist to oversee the monetary policy division.

The remaining three deputy governors currently in office are Swaminathan J, Poonam Gupta, and S C Murmu.

Rabi Sankar initially assumed the Deputy Governor role in September 2021 for three years and received subsequent one-year extensions in both 2024 and 2025.