The Government of India has extended the tenure of T. Rabi Sankar as Deputy Governor of the Reserve Bank of India (RBI) for one more year, effective from May 3, 2025.

• This is his second one-year extension, following his initial appointment in May 2021 for a three-year term.
• The reappointment was approved by the Appointments Committee of the Cabinet, chaired by Prime Minister Narendra Modi.
• Sankar, a career central banker, joined the RBI in 1990 and has since held key positions across departments including debt management, foreign exchange, and fintech.
• During his tenure as Deputy Governor, he has played a significant role in the RBI’s digital currency initiatives, regulatory reforms, and modernization of the payment infrastructure.
• His continued presence is expected to support policy continuity and strengthen the central bank’s strategic goals.