Current Affairs - Awards and Honours - Discussion

Rohit Jain was appointed as the new Deputy Governor of the Reserve Bank of India (RBI) for a three-year term effective from May 3, 2026. Before this appointment, he served as an Executive Director at the RBI. He succeeded T Rabi Sankar, who retired after completing his extended tenure. Under the RBI Act, 1934, the central bank is required to have exactly four Deputy Governors, ensuring a balanced structure with internal experts and external professionals. The other serving Deputy Governors are Swaminathan J, Poonam Gupta, and S C Murmu. The RBI, established in 1935 and nationalised in 1949, is headquartered in Mumbai, Maharashtra.