<p>New Delhi: Centre has extended the term of RBI Deputy Governor T Rabi Sankar for a period of one year, according to sources.</p><p>The Appointments Committee of the Cabinet has approved the re-appointment of T Rabi Sankar, Deputy Governor Reserve Bank of India, for a period of one year with effect from May 3, 2024, they said.</p><p>He was appointed as the RBI Deputy Governor in May, 2021 for a period of three years.</p><p>He had joined the RBI in 1990 and worked in various positions at the central bank.</p>.India needs more banks, and RBI must wake up.<p>He was Executive Director of the Reserve Bank before being elevated to the post of deputy governor.</p><p>As an executive director, he was looking after the Department of Payment and Settlement Systems, the Department of Information Technology, Fintech and the Risk Monitoring Department of the RBI.</p><p>He has served as an IMF Consultant (2005-11) on developing government bond markets and debt management. In addition to his professional career at the RBI, he is the Chairman, Indian Financial Technology and Allied Services (IFTAS); member of Board of Directors, ReBIT; and member of Governing Council, IDRBT.</p><p>Sankar has done Master of Philosophy in Economics from the Jawaharlal Nehru University.</p>
<p>New Delhi: Centre has extended the term of RBI Deputy Governor T Rabi Sankar for a period of one year, according to sources.</p><p>The Appointments Committee of the Cabinet has approved the re-appointment of T Rabi Sankar, Deputy Governor Reserve Bank of India, for a period of one year with effect from May 3, 2024, they said.</p><p>He was appointed as the RBI Deputy Governor in May, 2021 for a period of three years.</p><p>He had joined the RBI in 1990 and worked in various positions at the central bank.</p>.India needs more banks, and RBI must wake up.<p>He was Executive Director of the Reserve Bank before being elevated to the post of deputy governor.</p><p>As an executive director, he was looking after the Department of Payment and Settlement Systems, the Department of Information Technology, Fintech and the Risk Monitoring Department of the RBI.</p><p>He has served as an IMF Consultant (2005-11) on developing government bond markets and debt management. In addition to his professional career at the RBI, he is the Chairman, Indian Financial Technology and Allied Services (IFTAS); member of Board of Directors, ReBIT; and member of Governing Council, IDRBT.</p><p>Sankar has done Master of Philosophy in Economics from the Jawaharlal Nehru University.</p>