The government has extended the term of Reserve Bank of India (RBI) Deputy Governor T Rabi Sankar for an additional year, effective May 3, 2024. Sankar, who joined the RBI in 1990, has held various key positions within the bank, including Executive Director responsible for Payment and Settlement Systems, Information Technology, Fintech, and Risk Monitoring.
The Appointments Committee of the Cabinet has approved the re-appointment of T. Rabi Sankar as Deputy Governor, Reserve Bank of India, for a period of one year. The extension takes effect from May 3, 2024, extending his tenure, which began in May 2021. Sankar has held various positions within the RBI, including Executive Director, during which he oversaw key departments such as Payment and Settlement Systems, Information Technology, Fintech, and Risk Monitoring.
