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Shirish Chandra Murmu Appointed as RBI Deputy Governor
Shirish Chandra Murmu Appointed as RBI Deputy Governor
Shirish Chandra Murmu has been appointed as the Deputy Governor of the Reserve Bank of India (RBI) by the government, according to a recent government notice. Here's what you need to know about his appointment and the RBI's deputy governors:
About Shirish Chandra Murmu:
Although specific details about Murmu's background are limited in the provided search results, his appointment suggests he will play a crucial role in shaping India's monetary policy and financial regulations.
Although specific details about Murmu's background are limited in the provided search results, his appointment suggests he will play a crucial role in shaping India's monetary policy and financial regulations.
Current Deputy Governors of RBI:
The RBI typically has four Deputy Governors, including those from within the RBI and external appointments. Let's look at some key information about the current or recent Deputy Governors:
The RBI typically has four Deputy Governors, including those from within the RBI and external appointments. Let's look at some key information about the current or recent Deputy Governors:
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Michael Patra: A career central banker, Patra has been instrumental in policy decisions, including monetary policy and financial stability.
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M. Rajeshwar Rao: Another key figure in RBI's policy framework, Rao's expertise spans financial markets, monetary policy, and international finance.
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T. Rabi Sankar: Known for his work on digital payments and financial technology, Sankar's role involves overseeing developments in the fintech space.
Role of Deputy Governors:
Deputy Governors of the RBI are pivotal in:
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Monetary Policy: They contribute to decisions on interest rates and money supply.
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Financial Stability: They work on maintaining stability in the financial system.
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Regulatory Oversight: They oversee banking and financial institutions.
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Developmental Functions: They promote financial inclusion and development.
Impact of the Appointment:
Shirish Chandra Murmu's appointment as Deputy Governor is expected to bring fresh perspectives to the RBI's policy decisions. His role will likely involve working closely with the Governor and other Deputy Governors on key issues affecting India's economy and financial sector.
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