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2h ago

Government Names Shirish Chandra Murmu RBI Deputy Governor, Succeeding Rao Next Week

The career RBI supervisor moves up from executive director days before a scheduled policy meeting.

RBI appoints Shirish Chandra Murmu as Deputy Governor for three years
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Overview

  • The Appointments Committee of the Cabinet approved Murmu’s appointment for a three-year term starting on or after October 9, 2025.
  • He will replace M. Rajeswar Rao, whose extended tenure ends on October 8 after five years in the role.
  • Murmu currently serves as an RBI executive director heading the Department of Supervision and holds charge of the Secretary’s Department.
  • His induction completes the four-deputy-governor slate alongside T Rabi Sankar, Swaminathan J and Poonam Gupta.
  • The Monetary Policy Committee meets this week with a decision due Wednesday, and Murmu’s specific deputy-governor portfolio is yet to be announced.