Overview

• Murmu’s appointment is for three years from the date of joining on or after October 9, 2025, according to the government notice.
• He will succeed M. Rajeswar Rao, whose extended tenure concludes on October 8 after serving a total of five years.
• Murmu currently serves as an RBI executive director, where he oversees the Department of Supervision.
• The central bank has not yet announced which portfolio Murmu will lead among regulation, markets or monetary policy.
• The move completes the four-deputy-governor complement at the RBI as markets await this week’s MPC decision, which will occur before Murmu takes office.