The government has appointed Shirish Chandra Murmu as the Deputy Governor of Reserve Bank of India (RBI) for a period of three years. His appointment will be effective from October 9. He is currently serving as an executive director at the central bank.

Murmu will replace deputy governor in-charge of banking regulation, Rajeshwar Rao, whose term is set to end on October 8. Advertisement

Rao was first appointed as Deputy Governor in September 2020 for a term of three years. In 2023, his tenure was extended by one year. He received another extension in 2024. With these extensions, Rao will complete a total of five years in office on October 8.

The Indian central bank has four deputy governors. Each deputy governor oversees a specific department. The departments include monetary policy, f

See Full Page