T Rabi Sankar takes over as RBI Deputy Governor

Mumbai, May 3

T Rabi Sankar on Monday assumed the charge as new Deputy Governor of the RBI for a period of three years, the central bank said.

Sankar has filled the vacancy created after the retirement of BP Kanungo on April 2. The other three Deputy Governors are Michael D Patra, Mukesh Kumar Jain and Rajeshwar Rao.

Sankar was Executive Director of the RBI before being elevated to the post of Deputy Governor. The Appointments Committee of the Cabinet cleared Sankar’s appointment as the new RBI Deputy Governor on Saturday. — PTI