The Appointment Committee of the Cabinet i.e. ACC has appointed Rohit Jain as the new Deputy Governor of the Reserve Bank of India (RBI). His appointment will be for 3 years, which will be considered effective from May 3 or later. Jain will replace current deputy governor T Rabi Shankar, whose tenure ends today. Rohit Jain was earlier serving as Executive Director (ED) in RBI since December 2020. As Executive Director, Jain has taken charge of the Supervision Department (Risk, Analytics and Vulnerability Assessment). Last month, the Central Government had interviewed four executive directors for the post of Deputy Governor, out of which Jain’s name has been approved. 30 years long experience in Reserve Bank Jain has a long experience of nearly three decades in the Reserve Bank. During his career, he has worked in many important areas including supervision, human resource management and banking. Commerce and MBA degree, also expert in banking risk. Talking about educational qualification, Jain has obtained Master degree in Commerce (M.Com) and Master degree in Business Administration (MBA). Along with this, he has also obtained professional degrees like International Certificate in Banking Risk and Regulation (ICRR) and Certified Associate of the Indian Institute of Banking and Finance (CAIIB). He is also a certified bank trainer. Equation of Deputy Governors in RBI: There are total four Deputy Governors in RBI. Of these, two officers are appointed through promotion from the internal ranks of the Bank. SC Murmu is the second deputy governor along with Rohit Jain who was promoted from within the RBI in October 2025. The other two deputy governors are elected from outlying areas. Presently economist Poonam Gupta and commercial banker Swaminathan J. (Former MD of SBI) is posted on this post. Rohit Jain may get the responsibility of these departments. Rohit Jain is likely to get the charge of some important departments of T Rabi Shankar. These include departments like Financial Market Regulation, Foreign Exchange and Payment and Settlement System. RBI will soon officially announce Jain’s portfolio. Also read this news… PPF account will make your child a millionaire: Open this account in the name of your child, know what are the rules regarding it. If you are planning to start investing in the name of your child, then you can invest in the Public Provident Fund (PPF) scheme. Currently 7.1% annual interest is being given in this scheme. You can easily create a fund worth lakhs for your child by opening a PPF account in his name. But it has some rules. We are telling you about those rules. Read the full news…
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Rohit Jain becomes the new Deputy Governor of RBI: Tenure will be 3 years, will replace T-Rabi Shankar
