T Rabi Sankar appointed as deputy governor of Reserve Bank of India: Report

T Rabi Sankar has been named as the new and fourth deputy governor of the Reserve Bank of India by a government panel, media reports said on Sunday quoting sources. According to Bloomberg, a note circulated by the Department of Personnel and Training said that the government has chosen T Rabi Sankar, an executive director at the central bank, as a deputy governor of RBI. 

 According to an internal circular, the government said, “The Appointments Committee of the Cabinet has approved the appointment of Shri T. Rabi Sankar, Executive Director, Reserve Bank of India to the post of Deputy Governor, Reserve Bank of India for a period of three years from the date of joining the post or until further orders, whichever is earlier,” quoted The Economic Times.

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Currently, the other three deputy governors of RBI are Mahesh Kumar Jain, Michael Patra and Rajeshwar Rao.

Sankar is likely to succeed BP Kanungo, who retired from the post of deputy governor last month after completing one year extension period.

Sankar had joined RBI in 1990 as a research officer, according to his LinkedIn profile. 

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He has also worked with the International Monetary Fund (IMF), over a decade ago and was also associated with the Bank of International Settlement.

Sankar has done his Master’s degree in Science and Statistics from the Banaras Hindu University.