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.