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T Rabi Sankar takes over as RBI deputy governor, has a tenure of 3 years


T Rabi Sankar on Monday took over as the new deputy governor of the Reserve Bank of India for a period of three years, the central bank said in a statement.
Sankar has filled the vacancy created after the retirement of B P Kanungo on April 2. 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.
Sankar was Executive Director of the Reserve Bank before being elevated to the post of deputy governor.
The Appointments Committee of the Cabinet cleared Sankar s appointment as the new RBI deputy governor on Saturday. ....

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