Rohit Jain has been appointed as the new Reserve Bank of India (RBI) Deputy Governor, effective on or after May 3. The Appointments Committee of the Cabinet (ACC) has approved Jain’s appointment as DG for three years, a notification from the Department of Personnel and Training (DoPT) said. Jain will succeed T Rabi Sankar, whose term ends today.
Rohit Jain has experience of over a span of about three decades. He has served in supervisory, human resource management, banking, and other areas in the Reserve Bank.
Earlier, Jain was appointed as an executive director of the RBI in December 2020. As Executive Director, Jain looked after the Department of Supervision (Risk, Analytics and Vulnerability Assessment).
Rohit Jain holds a Master’s degree in Commerce and a Master’s in Business Administration. He also holds professional qualifications, including International Certificate in Banking Risk and Regulation (ICBRR), Certified Associate of the Indian Institute of Banking and Finance (CAIIB), and Certified Bank Trainer.
RBI has one Governor and four Deputy Governors. Two Deputy Governors are promoted from within the ranks. Other two Deputy Governors are from outside namely Poonam Gupta, and Swaminathan J.
According to the RBI Act, 1934, the central bank should have four deputy governors, two from within the ranks, one commercial banker and an economist to head the monetary policy department.
Rohit Jain Appointed as RBI Deputy Governor, Replaces T Rabi Sankar
