Swaminathan Janakiraman re-appointed as RBI Deputy Governor
New Delhi, June 5
The Central Government on Friday re-appointed Swaminathan Janakiraman as the Deputy Governor of the Reserve Bank of India, according to an official statement released by the RBI. This appointment is for a duration of two years, commencing on June 26.
He was earlier appointed Deputy Governor (DG) of the Reserve Bank of India on June 20, 2023. The appointment was for a period of three years from the date of joining the post or until further orders, whichever was earlier, the Department of Personnel and Training said in a notification. Janakiraman had replaced MK Jain, who retired on June 21, 2023.
The RBI currently has four deputy governors, including Swaminathan.
— ANI
Reader Comments
Only two years this time? The earlier one was three years. Hope the government has a clear plan. Stability in RBI leadership is needed for our economy's growth.
RBI deputy governors come and go, but the real challenges remain: rupee stability, inflation, and banking reforms. Hope he focuses on MSMEs and rural credit. 🙏
I find it interesting that they kept him on. Usually there's more turnover in these roles. Maybe the government values his experience with the current economic climate.
Appointments like this don't get enough attention. But as a regular citizen, I just want to see lower interest rates on home loans and better savings returns. Hope he listens to common people's needs. 😊
Why only 2 years? India needs long-term vision for banking sector. The earlier replacement of MK Jain was also sudden. Some transparency from RBI and government would be appreciated.
Good news for financial stability. Janakiraman has experience in monetary policy and financial markets. Wish him all the best in these challenging times for the global economy.
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