The Central Government has approved the reappointment of Shri T. Rabi Sankar as Deputy Governor of the Reserve Bank of India (RBI) for a one-year term starting May 3, 2025, or until further orders.
Shri Sankar, who has held the post since May 2021, is a career central banker with over three decades of experience. His responsibilities at the RBI include public debt management, foreign exchange reserves, digital payment systems, IT infrastructure, and currency operations.
Notably, he has played a key role in the development of India’s government securities market and led the launch of the “Retail Direct” platform, allowing individuals to invest in government bonds. He also oversees the Unified Payments Interface (UPI) and has been involved in RBI’s Central Bank Digital Currency (CBDC) pilot.
Prior to his tenure as Deputy Governor, Shri Sankar held several senior roles within the RBI and also worked with the Ministry of Finance and international institutions, including the IMF. Prior to his appointment as Deputy Governor in May 2021, he served as Executive Director, overseeing departments such as Payment and Settlement Systems, Information Technology, Fintech, and Risk Monitoring
His reappointment ensures continuity in leadership at the central bank amid ongoing developments in digital finance, monetary operations, and macroeconomic policy.
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