T Rabi Sankar appointed as Deputy Governor of RBI

T Rabi Sankar, Executive Director, Reserve Bank of India (RBI), has been appointed as the fourth Deputy Governor of the Central Bank. Presently, he is in charge of the payments system, fintech, information technology and risk Management at the RBI.

He succeeds B P Kanungo as the deputy governor, who retired on April 2 after getting one year extension in his position. Rabi Sankar now joins Mahesh Kumar Jain, Michael Patra and Rajeshwar Rao as the fourth deputy governor.