RBI Appoints Rohit Jain as New Deputy Governor

The Indian government has appointed Rohit Jain as the new Deputy Governor of the Reserve Bank of India, effective May 3. Jain, who is currently an Executive Director at the RBI, will serve a three-year term. He replaces T. Rabi Shankar, who recently retired. The specific department Jain will oversee has not yet been disclosed. This appointment is part of the RBI’s structure, which includes four Deputy Governors, with roles designated from various sectors. Stay tuned for more updates on this significant appointment.