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Rohit Jain Takes Over as RBI Deputy Governor, Brings 34 Years of Experience

Rohit Jain has officially assumed charge as the Deputy Governor of the Reserve Bank of India for a three-year term. He replaces T Rabi Sankar, who retired last month, and brings over 34 years of experience at the central bank. In his new role, Jain will oversee critical departments including fintech, foreign exchange, and information technology. He has a distinguished career, having served as Executive Director and represented RBI on international committees like the Basel Committee.

Key Points: Rohit Jain Assumes RBI Deputy Governor Role

  • Rohit Jain assumes charge as RBI Deputy Governor for three years
  • Replaces T Rabi Sankar who retired last month
  • Will oversee key departments including Fintech, IT, and Foreign Exchange
  • Brings 34 years of central banking experience since joining RBI in 1991
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Rohit Jain takes charge as Deputy Governor of RBI

Rohit Jain takes charge as RBI Deputy Governor for three years. He brings over 34 years of central banking experience, replacing T Rabi Sankar.

"Before being elevated to Deputy Governor, he served as the Executive Director, overseeing the Department of Supervision. - RBI release"

Mumbai Ma, y 4

Rohit Jain has assumed charge as the Deputy Governor of the Reserve Bank of India on Monday for a period of three years or until further orders in accordance with the Government of India's notification dated May 02, 2026. Before his appointment, Jain served as the Executive Director at the RBI.

Jain replaces T Rabi Sankar, who retired as Deputy Governor last month. He is serving as Executive Director at the Reserve Bank of India.

As the newly appointed Deputy Governor, Jain will oversee several key departments, including the External Investments and Operations, Financial Markets Regulation, Internal Debt Management, Foreign Exchange, Fintech, Risk Monitoring, Information Technology, Government and Bank Accounts, Corporate Strategy and Budget, and the Rajbhasha.

Jain has had a distinguished career in central banking, spanning over 34 years. He joined the RBI in 1991 and has held various roles throughout his career.

"Before being elevated to Deputy Governor, he served as the Executive Director, overseeing the Department of Supervision. He has also held significant positions as the Chief General Manager at the RBI's Department of Supervision and the New Delhi Regional Office," the release stated.

Jain's extensive experience extends to high-level committees, where he represented the RBI on the Basel Committee on Banking Supervision (BCBS) and the Financial Stability Board (FSB). He also served as the RBI nominee on the Board of Supervision of NABARD and contributed to the Advisory Committee of CSIRT-Fin.

As per the release, "Jain has been involved in several capacities, including as Chairperson of the College Advisory Committee, College of Agricultural Banking, Pune, and as a Member of the Academic Advisory Council, College of Supervisors, Reserve Bank of India."

He has an MBA in Finance from Gujarat University and holds an M.Com from the Delhi School of Economics, University of Delhi. Additionally, Jain is a Certified Associate of the Indian Institute of Banking (CAIIB) and holds an International Certificate in Banking Risk and Regulation from GARP.

- ANI

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Reader Comments

P
Priya S
Finally an MBA from Gujarat University as Deputy Governor! Feels good to see diversity in educational backgrounds at the top level. All the best for the new role. 🙏
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Ramesh W
His Basel and FSB experience will be valuable for India's global financial positioning. But I hope he focuses on strengthening rural banking too, given his NABARD background.
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Ananya R
Another internal promotion from RBI. While that ensures continuity, sometimes external perspectives can help with fresh ideas. Hope he proves me wrong. 😊
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Siddhartha F
His oversight of fintech and risk monitoring is crucial in today's digital age. With UPI and digital payments booming, we need strong regulation without stifling growth. Let's see how he handles this delicate balance.
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Aditya G
Delhi School of Economics and CAIIB - solid academic foundation! Hope his tenure strengthens the rupee and manages inflation effectively. Best wishes for the next three years. 👍
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Naveen S
Must be tough to replace someone like T Rabi Sankar. I hope Jain sir brings his own vision while maintaining the stability RBI is known for. Good appointment overall. 🇮🇳

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