The central Bank of India executive director T Rabi Sankar has been named as the 4th Deputy Governor of the Reserve Bank of India. The Appointments Committee of the Cabinet has approved his appointment. Sankar is in charge of the payments system, fintech, information technology and risk management at the central Bank. He succeeds BP Kanungo as the deputy governor, who retired on April 2 after getting a one-year extension in his position.

He has long experience across a wide spectrum of central banking functions, particularly, exchange rate management, reserves portfolio management, public debt management, monetary operations, development, regulation and surveillance of financial markets and of payment systems, and managing the Bank’s IT infrastructure.

T Rabi Sankar named next RBI deputy governor T Rabi Sankar named next RBI deputy governor