The central government on Tuesday (20.06.2023) appointed Swaminathan Janakiraman as a Deputy Governor of the Reserve Bank of India (RBI) for three years. Prior to this assignment, Janakiraman was serving as the Managing Director of State Bank of India. He replaced Mahesh Kumar Jain, whose tenure ended on June 22.
Janakiraman will likely handle the Department of Supervision and Financial Inclusion and Development Department, among others, that are currently under the purview of Jain.
The government on June 1 interviewed candidates for the post of RBI deputy governor to replace Jain.
The candidates who were interviewed included Srinivasan Varadarajan, Union Bank of India’s chairman; AS Rajeev, Bank of Maharashtra’s managing director and chief executive officer; Soma Sankara Prasad, MD and CEO of UCO Bank; S L Jain, MD and CEO of Indian Bank, and Swaminathan Janakiraman of SBI.
