Govt Extends RBI Dy Governor Rabi Sankar’s Term

Officials said Sankar's reappointment has been cleared by the Appointments Committee of the Cabinet.

Sankar, who was appointed as Deputy Governor in May 2021 for a three-year term, has had a long association with the central bank since joining it in 1990. Prior to his elevation, he served as Executive Director at the RBI, overseeing key departments such as Payment and Settlement Systems, Information Technology, Fintech, and Risk Monitoring.

He has also held international roles, including serving as a consultant to the International Monetary Fund (IMF) from 2005 to 2011, where he focused on the development of government bond markets and debt management.

In addition to his role at the RBI, Sankar currently serves as Chairman of Indian Financial Technology and Allied Services (IFTAS), is a board member at Reserve Bank Information Technology Pvt Ltd (ReBIT), and is part of the Governing Council at the Institute for Development and Research in Banking Technology (IDRBT).