RBI Deputy Governor Rabi Sankar’s Tenure Extended By 1 Year

New Delhi: The government has granted a one-year extension to T Rabi Sankar, Deputy Governor of the Reserve Bank of India (RBI), according to sources familiar with the matter. The Appointments Committee of the Cabinet has greenlit Sankar’s reappointment, effective from May 3, 2024, for another year.

Sankar assumed the role of RBI Deputy Governor in May 2021 for a three-year term. With a tenure spanning over three decades, he has held various key positions within the central bank. Prior to his current role, he served as the Executive Director of the RBI.

During his tenure as an Executive Director, Sankar oversaw crucial departments including Payment and Settlement Systems, Information Technology, Fintech, and Risk Monitoring. He brings extensive experience to his role, having also served as an IMF Consultant from 2005 to 2011, focusing on the development of government bond markets and debt management.

Apart from his responsibilities at the RBI, Sankar holds prominent positions in key financial institutions. He serves as the Chairman of Indian Financial Technology and Allied Services (IFTAS), sits on the Board of Directors for ReBIT, and is a member of the Governing Council of IDRBT.

Sankar holds a Master of Philosophy in Economics from Jawaharlal Nehru University, adding to his expertise in the field.