The Government of India has reappointed M Rajeshwar Rao as Deputy Governor of the Reserve Bank of India (RBI) for a period of one year. The Appointment Committee of the Cabinet (ACC) approved Rao’s reappointment, effective from October 9, 2024, extending his term until October 8, 2025, or until further orders.
Rao, who first assumed the position of Deputy Governor in October 2020, has completed three years in the role. Before his current role, he was elevated to the post of Executive Director in November 2016, further solidifying his vast experience within the central bank.
With exposure to various critical areas of the RBI, including his prior charge of the Risk Monitoring Department, Rao has been instrumental in shaping the institution’s strategic approach to risk management and other crucial operations.
