Rabi Sankar, Deputy Governor of the RBI, receives a one-year extension

The RBI Deputy Governor T Rabi Sankar’s tenure has been extended by the government by one year, the central bank said in a statement.

“The Central government has re-appointed T Rabi Sankar as Deputy Governor, Reserve Bank of India, for a period of one year with effect from May 3, 2024, or until further orders, whichever is earlier,” stated the statement.

In May 2021, Sankar was named the RBI Deputy Governor, a position that will last three years.

He began working for the RBI in 1990 and had a number of different roles there.

Prior to being promoted to deputy governor, he served as the Reserve Bank’s executive director.