RBI deputy governor M Rajeshwar Rao gets term extension by one year. Who is he? - Hindustan Times
close_game
close_game

RBI deputy governor M Rajeshwar Rao gets term extension by one year. Who is he?

Sep 26, 2023 08:00 PM IST

RBI has four deputy governors – two from within the ranks, one commercial banker and another an economist to head the monetary policy department.

The central government on Monday extended the term of M Rajeshwar Rao as the Reserve Bank of India's (RBI) Deputy Governor by one year. The re-appointment has been approved by the Cabinet's Appointments Committee.

RBI dy governor M Rajeshwar Rao
RBI dy governor M Rajeshwar Rao

“The central government has re-appointed shri M Rajeshwar Rao as Deputy Governor, Reserve Bank of India, for a period of one year with effect from October 9, 2023, of until further orders, whichever is earlier,” the press release by the central bank said.

Hindustan Times - your fastest source for breaking news! Read now.

Rao was appointed as the Deputy Governor of the central bank in October 2020 for a period of three years.

Who is M Rajeshwar Rao?

  1. An economics graduate and a masters of business administration from the University of Cochin, Rao joined the RBI in 1984.
  2. He was elevated as RBI executive director in November 2016.
  3. As a career central banker, he has exposure to various aspects of the RBI's functioning. He has previously held the charge of the Risk Monitoring Department.
  4. He has also worked as the Banking Ombudsman in New Delhi and in the Reserve Bank's regional offices in Ahmedabad, Hyderabad, Chennai and the national capital.

Unlock a world of Benefits with HT! From insightful newsletters to real-time news alerts and a personalized news feed – it's all here, just a click away!- Login Now!
Stay informed on Business News, Vijay Shekhar Sharma along with Gold Rates Today, India News and other related updates on Hindustan Times Website and APPs
SHARE THIS ARTICLE ON
Share this article
  • ABOUT THE AUTHOR
    author-default-90x90

    Follow the latest breaking news and developments from India and around the world with Hindustan Times' newsdesk. From politics and policies to the economy and the environment, from local issues to national events and global affairs, we've got you covered.

SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Wednesday, February 28, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On