Overview

• The Appointments Committee of the Cabinet approved T. Rabi Sankar's second one-year extension, effective May 3, 2025.
• Sankar has been with the RBI since 1990, serving in various roles, including Executive Director, before becoming Deputy Governor in May 2021.
• He oversees critical departments such as foreign exchange, currency management, and government accounts at the central bank.
• This extension reflects the government's strategy to retain experienced leadership in key positions within the Reserve Bank of India.
• Rajeshwar Rao, another RBI Deputy Governor, will conclude his second one-year extension on October 8, 2025.