Overview

• Hindustan Times, citing NDTV Profit, reports the government has selected Murmu to join the Reserve Bank of India’s top leadership.
• He is set to succeed M. Rajeswar Rao, who is scheduled to retire this week.
• The appointment is reported to take effect on October 9 with a tenure of three years.
• Murmu currently serves as an executive director at the central bank, according to the RBI’s website.
• Specific departmental responsibilities for the incoming deputy governor have not yet been announced.