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Government Re-Appoints T. Rabi Sankar as RBI Deputy Governor
Government Re-Appoints T. Rabi Sankar as RBI Deputy Governor
The Government of India has re-appointed T. Rabi Sankar as Deputy Governor of the Reserve Bank of India (RBI) for a one-year term, effective from May 3, 2025, or until further orders. This marks his second consecutive extension since his initial appointment in May 2021
Professional Background
T. Rabi Sankar is a seasoned central banker who joined the RBI in 1990. Over the years, he has held various key positions within the institution. Prior to his elevation to Deputy Governor, he served as Executive Director, overseeing departments such as Payment and Settlement Systems, Information Technology, Fintech, and Risk Monitoring
His areas of expertise include exchange rate management, reserves portfolio management, public debt management, monetary operations and development, regulation and surveillance of financial markets, payment systems, and IT infrastructure . Notably, he served as an IMF Consultant from 2005 to 2011, focusing on developing government bond markets and debt management.
Current Responsibilities at RBI
As Deputy Governor, T. Rabi Sankar oversees several critical departments within the RBI, including:
- Foreign Exchange Management
- Financial Market Operations and Regulations
- External Investments
- Government and Bank Accounts
- Financial Market Operations and Regulations
- External Investments
- Government and Bank Accounts
Additionally, he has played a pivotal role in the launch of the Central Bank Digital Currency (CBDC)
Educational Qualifications
T. Rabi Sankar holds a Master of Philosophy in Economics from Jawaharlal Nehru University, New Delhi . He also possesses a master's degree in Science and Statistics from Banaras Hindu University and a diploma in Development Planning from the Institute of Economic Growth
Other Roles
Beyond his duties at the RBI, he serves as:
- Chairman of Indian Financial Technology and Allied Services (IFTAS)
- Board Member at Reserve Bank Information Technology Pvt Ltd (ReBIT)
- Member of the Governing Council at the Institute for Development and Research in Banking Technology (IDRBT)
- Board Member at Reserve Bank Information Technology Pvt Ltd (ReBIT)
- Member of the Governing Council at the Institute for Development and Research in Banking Technology (IDRBT)
- His reappointment ensures continuity in the RBI's leadership, particularly in areas crucial to India's financial stability and technological advancement.
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