In pursuance of the Government of India notification dated May 03, 2021, Shri T. Rabi Sankar took over as the Deputy Governor of Reserve Bank of India today for a period of three years or until further orders, whichever is earlier.
Shri T. Rabi Sankar was Executive Director of the Reserve Bank before being elevated to the post of Deputy Governor.
Shri T. Rabi Sankar, a career central banker joined the Bank in 1990 and has worked in various positions in Reserve Bank of India. As Executive Director, he was looking after the Department of Payment and Settlement Systems, the Department of Information Technology, Fintech and the Risk Monitoring Department in RBI. His areas of expertise include exchange rate management, reserves portfolio management, public debt management, monetary operations and development, regulation and surveillance of financial markets, payment systems and IT infrastructure.
Shri T. Rabi Sankar has served as an IMF Consultant (2005-11) on developing Government bond markets and debt management. He represented RBI on international forums like Bank for International Settlements and various internal and external expert committees and working groups. In addition to his professional career at RBI, he is Chairman, Indian Financial Technology and Allied Services (IFTAS), member of Board of Directors, ReBIT and member of Governing Council IDRBT.
Shri T. Rabi Sankar has a Master of Philosophy in Economics from the Jawaharlal Nehru University, New Delhi.
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