Rohit Jain appointed as RBI deputy governor

MUMBAI: The appointments committee of the furniture has approved the assignment of Reserve Bank of India (RBI) enforcement manager (ED) Rohit Jain arsenic lawman politician (DG) of the banking regulator.The assignment is for a play of 3 years from the day of joining the station connected oregon aft May 3, 2026, the Department of Personnel (DoP) said successful a notification connected Saturday.Jain has spent astir 30 years astatine the cardinal slope with RBI handling respective functions including banking supervision, which helium was in-charge of arsenic ED earlier this appointment.Jain volition regenerate T Rabi Sankar, whose tenure ended connected Saturday aft 2 extensions granted successful 2024 and 2025. Sankar was besides a vocation cardinal banker and took implicit arsenic lawman politician successful 2021.Vivek Deep, Rohit Jain, Radha Shyam Ratho and Ajay Kumar were the elder astir enforcement directors successful the fray for the DG post.

Jain has been an ED with the RBI since December 2020.As elder astir DG, Rabi Sankar had oversight of 12 departments including fiscal markets regulation, overseas exchange, hazard monitoring, fintech and outgo and settlement.The departments managed by each DGs volition astir apt beryllium reshuffled aft Jain takes over. Jain became 1 of the 2 lawman governors promoted from wrong the institution, on with SC Murmu, who was elevated successful October 2025. The different lawman governors see economist Poonam Gupta and banker Swaminathan J, some appointed from extracurricular the RBI’s interior ranks.