The Modi government has extended the term of RBI Deputy Governor T Rabi Sankar for one year. The Department of Personnel & Training issued an order to this effect on Tuesday.
Sankar was appointed as the RBI Deputy Governor in May 2021 for a period of three years. He was Executive Director of the Reserve Bank before being elevated to the post of deputy governor. He joined the RBI in 1990 and worked in various positions at the central bank.
Sankar has been holding charge of the central security cell, and the departments of currency management, foreign exchange, internal debt management, information technology, payment and settlement systems, external investments and operations, and government and bank accounts, amongst others.
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