Government approves one-year
extension to RBI Deputy Governor Rabi Sankar
The government has extended the term of
RBI Deputy Governor T Rabi Sankar for a period of one year, according to
sources.
The Appointments Committee of the
Cabinet has approved the re-appointment of T Rabi Sankar, Deputy Governor
Reserve Bank of India, for a period of one year with effect from May 3, 2024,
they said.
He was appointed as the RBI Deputy
Governor in May, 2021 for a period of three years.
He had joined the RBI in 1990 and worked
in various positions at the central bank.
He was Executive Director of the Reserve
Bank before being elevated to the post of deputy governor.
As an executive director, he was looking
after the Department of Payment and Settlement Systems, the Department of
Information Technology, Fintech and the Risk Monitoring Department of the RBI.
He has served as an IMF Consultant
(2005-11) on developing government bond markets and debt management. In
addition to his professional career at the RBI, he is the Chairman, Indian
Financial Technology and Allied Services (IFTAS); member of Board of Directors,
ReBIT; and member of Governing Council, IDRBT.
Sankar has done Master of Philosophy in
Economics from the Jawaharlal Nehru University.
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dt. 25.04.2024