Rohit Jain Appointed RBI Deputy Governor

Mumbai, May 4 (PTI) Rohit Jain on Monday took over as Deputy Governor of the Reserve Bank of India, and will look after 10 departments, including forex and fintech, the central bank said in a statement.

He replaced T Rabi Sankar, whose extended tenure ended on Saturday.

Jain was Executive Director of the Reserve Bank before being elevated to the post of Deputy Governor.

The government has appointed him Deputy Governor for a period of three years or until further orders, whichever is earlier.

Jain, who joined RBI in 1991, is an MBA (Finance) from Gujarat University and M.Com from Delhi School of Economics, University of Delhi.

He is also a Certified Associate of the Indian Institute of Banking (CAIIB) and holds the International Certificate in Banking Risk and Regulation (GARP).

He will look after the Department of External Investments and Operations, Financial Markets Regulation Department, Internal Debt Management Department, Foreign Exchange Department, Fintech Department, Risk Monitoring Department, Department of Information Technology, Department of Government and Bank Accounts, Corporate Strategy and Budget Department, and Rajbhasha Department.

Jain is a career central banker with more than 34 years of vast and multifaceted experience, RBI said.


As Executive Director, he was looking after the Department of Supervision (Supervisory Assessment).

Prior to that, he has served as the Chief General Manager in the Department of Supervision, Central Office of the Reserve Bank, and as the Chief General Manager of the New Delhi Regional Office of the Reserve Bank.

Jain held various positions in several high-level committees across multiple areas. He was an RBI nominee to the Basel Committee on Banking Supervision (BCBS) and Financial Stability Board (FSB) groups.

He also served as RBI Nominee on the Board of Supervision of NABARD and on the Advisory Committee of CSIRT-Fin.

He was Chairperson of the College Advisory Committee, College of Agricultural Banking, Pune and Member of the Academic Advisory Council, College of Supervisors, Reserve Bank of India.

The new deputy governor has also served as a Consultant in the Bank of Mauritius and as an RBI Additional Director on the Board of a private bank.

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.

The other three deputy governors are Swaminathan J, Poonam Gupta and S C Murmu.

Rabi Sankar was first appointed Deputy Governor in September 2021 for three years and was given a one-year extension in 2024 and subsequently in 2025.