The term of Reserve Bank of India (RBI) Deputy Governor T Rabi Sankar has been extended for another year, effective May 3, 2024, as per sources. The Appointments Committee of the Cabinet approved this decision.
Sankar, who initially joined the RBI in 1990, has served in various capacities within the organization. Prior to his appointment as Deputy Governor in 2021, he held the position of Executive Director, overseeing the Department of Payment and Settlement Systems, the Department of Information Technology, Fintech, and the Risk Monitoring Department.
Notably, Sankar has also served as an IMF Consultant from 2005 to 2011, specializing in the development of government bond markets and debt management. Beyond his professional responsibilities at the RBI, he also serves as Chairman of the Indian Financial Technology and Allied Services (IFTAS), member of the Board of Directors of ReBIT, and member of the Governing Council of IDRBT.
Sankar holds a Master of Philosophy in Economics from Jawaharlal Nehru University.
