2 weeks Ago By Moneycontrol
Reserve Bank of India deputy governor T Rabi Sankar's tenure has been extended for a period of one year, as per an order issued by Government of India's the Department of Personnel & Training. The order stated that the Appointments Committee of the Cabinet (ACC) has approved his re-appointment for a period of one year with effect from May 3, or until further orders, whichever is earlier. He had been appointed RBI deputy governor in May 2021 for a period of three years, following which his tenure was extended by another year in 2024.
He was appointed the deputy governor after the retirement of BP Kanungo in May 2021. Before being elevated to the post of Deputy Governor, Sankar was the Executive Director of the central bank. He joined the RBI in 1990 and in his role as the Executive Director looked after the departments of Information Technology, Payment and Settlement Systems, Fintech and Risk Monitoring.
His areas of expertise include reserves portfolio management, monetary operations and development, exchange rate management, public debt management, payment systems and IT infrastructure, and regulation and surveillance of financial markets. He also served as an IMF consultant on developing government bond markets and debt management between the years 2005 and 2011..
