“The Appointments Committee of the Cabinet has approved the appointment of Shri T. Rabi Sankar, Executive Director, Reserve Bank of India to the post of Deputy Governor, Reserve Bank of India for a period of three years from the date of joining the post or until further orders, whichever is earlier,” the government said in an internal circular.
Sankar will succeed incumbent BP Kanungo, who retired last month after completing one year extension period. Rabi Sankar’s portfolio includes
, information technology, payments system and risk monitoring at the RBI. He had joined the central bank as a research officer way back in September 1990, show a LinkedIn profile.
Sankar has a Master’s degree in Science and Statistics from Banaras Hindu University. He earned his diploma in Development Planning from the Institute of Economic Growth. The other three deputy governors are Mahesh Kumar Jain, Michael Patra and Rajeshwar Rao. Last year Sankar also became the Chairman of Indian Financial Technology & Allied Services (IFTAS), a wholly-owned subsidiary of RBI.
More than a decade ago, Sanker had worked with the International Monetary Fund (IMF) on bond market development for the government and central bank of Bangladesh. He was also associated with the Bank of International Settlement on capital market activities.
