Deputy Governor of RBI

The appointments committee of the Cabinet has cleared the name of M Rajeswar Rao for the post of Deputy Governor, Reserve Bank of India (RBI), the government said in a release on October 7.

Rao is presently Executive Director at RBI.

An economics graduate and a MBA, he is also a CAIIB. He joined RBI in 1984 and as career central banker has exposure in various aspects of central bank functioning. He was earlier in charge of risk monitoring department and has also worked as the Banking Ombudsman, New Delhi and in RBI’s regional offices at Ahmedabad, Hyderabad, Chennai and New Delhi.