India Renews RBI Deputy Governor T Rabi Sankar for One Year

The government of India has sanctioned a one-year extension for Reserve Bank of India (RBI) Deputy Governor T Rabi Sankar, affirming his continued leadership in financial policy and digital banking efforts. Sankar, who was appointed in May 2021 for a three-year term, has been instrumental in India's payment systems, fintech regulations, and risk monitoring frameworks.

 

Key Highlights:

✅ Government Clearance: The Cabinet Appointments Committee has re-appointed T Rabi Sankar for one more year, which ensures policy continuity.

✅ RBI Experience: Sankar has been in RBI since 1990, working in key areas of payment systems, fintech, and debt management.

✅ Digital Banking Efforts: He has been responsible for creating India's digital payment system, such as UPI expansion and CBDC pilot projects.

✅ Global Expertise: Sankar previously worked as an IMF consultant, advising on government bond markets and debt management strategies.

✅ Future Outlook: His extended tenure is expected to strengthen RBI’s financial stability measures, ensuring robust monetary policy execution.

 

With this leadership extension, India’s central banking policies remain on a steady course, reinforcing financial innovation and regulatory oversight.

 

Source: Economic Times, Reserve Bank of India