Rohit Jain Succeeds T. Rabi Sankar As Deputy Governor Of Reserve Bank Of India
The Appointments Committee of the Cabinet has appointed Rohit Jain as Deputy Governor of the Reserve Bank of India (RBI) for a term of three years, effective May 3, 2026, or later. He succeeded T. Rabi Sankar, whose tenure has ended.
Jain has been serving as Executive Director at the central bank since December 2020. In that role, he handled supervision functions, including risk assessment, analytics, and vulnerability review. He has close to three decades of experience at the RBI, with work across supervision, human resources, and banking operations. He was selected after a review process involving multiple candidates. Jain holds a master’s degree in commerce and a master’s degree in business administration. He also holds certifications in banking risk and regulation and is associated with training in the banking sector.
Sankar is a Part-Time Member of the Sixteenth Finance Commission. He joined the central bank in 1990 and has held roles across departments before becoming Deputy Governor in May 2021. His areas of work include public debt, foreign exchange reserves, payment systems, currency, and IT. He has contributed to the development of the government securities market and helped establish the Negotiated Dealing System. He also supported the launch of the Retail Direct platform for bond transactions. He has worked with the Ministry of Finance and advised the Government of Bangladesh. He also served as a consultant with the International Monetary Fund (IMF) on bond markets and debt management.
