The government has named Shirish Chandra Murmu as the new Deputy Governor of the Reserve Bank of India (RBI) for a three-year term, starting October 9. Murmu will take over from M Rajeshwar Rao, whose tenure will end on October 8.

His appointment has been cleared by the Appointments Committee of the Cabinet (ACC).

Murmu, a career central banker, has served as Executive Director at RBI for the past six years. He currently heads the Department of Supervision (DoS), which undertakes supervision of all banks and non-banks under RBI’s supervisory purview. He joined RBI in 1991 and has more than 33 years of experience in various central banking functions at mid and senior management levels. He has headed several high-level internal committees to review the RBI regulations in various areas. Mur

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