Home / Business and Economy / RBI Gets New Deputy Governor: Jain Appointed
RBI Gets New Deputy Governor: Jain Appointed
2 May
Summary
- Rohit Jain appointed Deputy Governor of RBI for three years.
- Jain's term begins on or after May 3, 2026.
- He brings over three decades of central banking experience.
Rohit Jain has been appointed as the new Deputy Governor of the Reserve Bank of India (RBI). The Appointments Committee of the Cabinet approved his appointment for a three-year term, commencing on or after May 3, 2026. This leadership transition ensures continuity in the RBI's crucial policy and regulatory operations.
With over three decades of experience in central banking, Jain has held various significant roles within the RBI. Since December 2020, he served as an Executive Director, overseeing the Department of Supervision and focusing on risk management and analytics. His educational background includes a Master's degree in Commerce and an MBA, alongside professional certifications in banking risk and regulation.
Jain's new role is expected to involve portfolios previously managed by T Rabi Sankar, including financial markets regulation, foreign exchange, and payment systems. His appointment follows a selection process where he was chosen from a shortlist of candidates. Along with SC Murmu, Jain is one of the Deputy Governors promoted from within the institution.
