Rohit Jain on Monday (May 4, 20206) assumed charge as Deputy Governor of the Reserve Bank of India (RBI) for a period of three years or until further orders, whichever is earlier. He succeeded T Rabi Sankar, who demitted office last week.
Prior to his elevation, Jain was serving as Executive Director in the RBI. As Deputy Governor, he will oversee several key departments including the Department of External Investments and Operations, Financial Markets Regulation Department, Internal Debt Management Department, Foreign Exchange Department, Fintech Department, Risk Monitoring Department, Department of Information Technology, Department of Government and Bank Accounts, Corporate Strategy and Budget Department, and Rajbhasha Department.
A career central banker, Jain has more than 34 years of experience in the Reserve Bank. He joined the RBI in 1991 and has served in various important positions during his career.
He holds an MBA in Finance from Gujarat University and an MCom degree from the Delhi School of Economics, University of Delhi. He is also a Certified Associate of the Indian Institute of Banking and Finance (CAIIB) and holds an International Certificate in Banking Risk and Regulation (GARP).
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