Government appoints Rabi Sankar as next RBI deputy governor
Last year, Sankar was appointed as the chairman of the Indian Financial Technology and Allied Services, an RBI subsidiary.
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MUMBAI: The government has appointed RBI Executive Director T Rabi Sankar as the fourth deputy governor of the central bank.
Sankar fills the vacancy created by the retirement of BP Kanungo on April 2, after completing one-year extension. The Appointments Committee of the Cabinet on Saturday cleared his appointment for a three-year tenure or till he superannuates, whichever is earlier.
The other three deputy governors are Michael D Patra, who heads the all-important monetary policy department; Mukesh Kumar Jain, the commercial banker-turned-central banker; and Rajeshwar Rao.
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