The Government of India has appointed Rohit Jain as deputy governor of the Reserve Bank of India for a period of three years.
A notification issued by the Department of Personnel and Training said that the Appointments Committee of the Cabinet approved his appointment for a three-year term, effective on or after May 3, 2026.
Jain’s appointment will take effect from May 3. He is currently serving as an executive director at RBI.
His portfolio allocation as deputy governor is yet to be announced.
Jain succeeds former deputy governor T Rabi Sankar, who retired late last month after completing his tenure at the RBI.
According to the RBI Act, 1934, the central bank should have four deputy governors, two from within the ranks, one commercial banker and an economist to head the monetary policy department.
The other three deputy governors are Swaminathan J, Poonam Gupta and S C Murmu.
Who is Rohit Jain?
Rohit Jain is a seasoned central banker with over three decades of experience. Rohit Jain has spent a significant part of his career within the RBI, handling responsibilities spanning supervision, human resource management, and banking operations.
In December 2020, Jain was appointed as an Executive Director, where he oversaw the Department of Supervision, particularly focusing on risk, analytics, and vulnerability assessment.
He holds a Master’s degree in Commerce and an MBA. He has also earned several professional certifications, including the International Certificate in Banking Risk and Regulation (ICBRR), Certified Associate of the Indian Institute of Banking and Finance (CAIIB), and is a Certified Bank Trainer.
