The Reserve Bank of India (RBI).
Credit: Reuters File Photo
Mumbai: Reserve Bank of India's deputy governor T Rabi Sankar's term has been extended by one year, according to a government notification.
The government notification, dated April 21, said Sankar would continue to serve for an additional year starting May 3 or until further orders, whichever is earlier.
Sankar was first appointed deputy governor on March 3, 2021 for a period of three years before his term was extended by a year in 2024.
Sankar handles key departments like foreign exchange management, financial markets operations, financial markets regulations, external investments and government and bank accounts.