Centre Appoints Insider Rohit Jain As RBI Deputy Governor For 3 Yrs

The Department of Personnel & Training (DoPT) in an order said that the Appointments Committee of Cabinet (ACC), chaired by Prime Minister Narendra Modi, approved Jain’s appointment as the Deputy Governor in the RBI for three years upon completion of the tenure of incumbent Sankar on May 2.

It is to be noted that Jain is currently serving at the RBI as Executive Director and was appointed to the post in December 2020.

The cursory look at the profile of Jain reveals that his three-decade career saw him serving in supervisory, human resource management, banking, and other areas in the country’s Central Bank.

As Executive Director, Jain looked after the Department of Supervision (Risk, Analytics and Vulnerability Assessment).

Jain holds a Master’s degree in Commerce and a Master’s in Business Administration, besides having earned professional qualifications, including an International Certificate in Banking Risk and Regulation (ICBRR), Certified Associate of the Indian Institute of Banking and Finance (CAIIB), and Certified Bank Trainer.

Notably, presently, among the four Deputy Governors, two are promoted from within the ranks. S C Murmu has been the other Deputy Governor, who was promoted from within the ranks of the RBI in October 2025. The other two Deputy Governors selected from outside are Poonam Gupta, an economist and Swaminathan J, a commercial banker, who served as a managing director of State Bank of India.

According to officials who are in the know of the development, said, Jain is likely to look after some of the important departments of Rabi Sankar, which include Financial Markets Regulation, Foreign Exchange, and Payment and Settlement Systems, among others. The RBI is expected to announce Jain’s portfolios shortly.

The government interviewed four executive directors for the post of Deputy Governor last month, they added.