S.C. Murmu To Succeed M. Rajeshwar Rao As RBI Deputy Governor

The Appointment Committee of the Cabinet (ACC) has appointed Shirish Chandra Murmu, Executive Director at the Reserve Bank of India (RBI), to the post of Deputy Governor, effective October 9, 2025.

Murmu will succeed M. Rajeshwar Rao, who is set to retire effective October 8, 2025.

Murmu currently serves as an Executive Director at the RBI overseeing key administrative functions, regulatory policies, and senior-level responsibilities within the institution’s organisational framework. According to the RBI, his role in the Secretary’s Department spans inter-departmental coordination, governance matters, regulatory compliance, and internal management. As Executive Director, Murmu has been closely involved in ensuring smooth regulatory oversight and governance functions.

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