Rohit Jain appointed RBI Deputy Governor (3 years) from 3 May 2026

What: ACC approved Rohit Jain as RBI Deputy Governor for three years; he succeeds T. Rabi Sankar. Jain has ~30 years’ RBI experience including heading Department of Supervision.

Significance:

• Continuity in supervision: Appointment brings experienced regulator to steer banking supervision, stability and regulatory initiatives.

UPSC relevance: Central bank governance, financial regulation.

Practice Q: Discuss the role of RBI Deputy Governors in maintaining financial stability and regulatory oversight.