Shri M. Rajeshwar Rao appointed as the RBI deputy governor
New Delhi: The reserve bank of India appoints Shri M. Rajeshwar Rao as the deputy governor. In pursuance with the Government of India notification dated October 8, 2020, he took over as the Deputy Governor of Reserve Bank of India on October 9, 2020, for three years or until further orders, whichever is earlier.
Earlier he was the Executive director of the Reserve Bank. As Deputy Governor, Shri Rao will look after the Department of Regulation, Department of Communication, Enforcement Department, Inspection Department, Legal Department, and Risk Monitoring Department.
Shri Rao, a career central banker joined the Bank in 1984 and has worked in various positions in Reserve Bank of India. As Executive Director, he was looking after the Financial Markets Operation Department. He was also handling the International Department, the Internal Debt Management Department, and the Secretary’s Department in RBI.
Before taking over as the Executive Director, Shri Rajeshwar Rao was the Chief General Manager, Financial Markets Operation Department and had previously held charge of the Risk Monitoring Department. He has also worked as the Banking Ombudsman, New Delhi. He has also worked in the central offices of the Foreign Exchange Department and Department of Banking Regulation as well as in the Reserve Bank’s regional offices at Ahmedabad, Hyderabad, Chennai, and New Delhi.
Shri Rajeshwar Rao has a Bachelor of Arts in Economics and a Master of Business Administration from the University of Cochin. He is also a Certificated Associate of Indian Institute of Bankers.
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