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Rohit Jain Takes Charge as RBI Deputy Governor as Portfolios Are Reassigned

The move signals continuity through an insider steeped in bank oversight.

Overview

  • Rohit Jain, who assumed charge Monday, begins a three-year term and will oversee ten departments including foreign exchange, fintech and information technology, the RBI said.
  • The RBI redistributed work across its four deputy governors, with senior-most Swaminathan Janakiraman taking coordination along with supervision, legal, inspection and deposit insurance.
  • Shirish Chandra Murmu received payment systems and currency management in addition to his regulation and enforcement remit.
  • Poonam Gupta retained six areas that include the monetary policy department, economic research, statistics, financial markets operations, financial stability and international affairs.
  • Jain is a career RBI official since 1991 and a former supervision chief who represented India on the Basel Committee and FSB, replacing T Rabi Sankar after his extended term ended.