The central government on Friday (June 6, 2026) re-appointed Swaminathan Janakiraman as Deputy Governor of the Reserve Bank of India (RBI) for another two years.
In a statement, the RBI said, “The Central Government has re-appointed Swaminathan Janakiraman as Deputy Governor, Reserve Bank of India, for a period of two years with effect from June 26, 2026, or until further orders, whichever is earlier.”
Swaminathan was originally appointed as RBI Deputy Governor in June 2023 for a tenure of three years. Before joining the central bank, he served as Managing Director at State Bank of India (SBI).
As Deputy Governor, he oversees several important functions of the RBI, including the Department of Supervision and Inspection Department, among others.
Under the RBI Act, 1934, the central bank has four Deputy Governors — two from within the RBI ranks, one commercial banker and one economist overseeing monetary policy.
At present, RBI Governor Sanjay Malhotra is assisted by four Deputy Governors — Swaminathan Janakiraman, Poonam Gupta, Shirish Chandra Murmu and Rohit Jain.
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