Rohit Jain appointed as RBI deputy Governor

The Government of India has officially appointed Rohit Jain as a Deputy Governor of the RBI. Taking charge on May 3, 2026, Jain steps into the role for a three-year tenure, filling the vacancy left by the retirement of T. Rabi Sankar. 

Key Appointment Details

• Appointee: Rohit Jain (formerly Executive Director at the RBI).
• Succession: He succeeds T. Rabi Sankar, who retired in April 2026 after serving since September 2021 (including two one-year extensions).
• Tenure: Three years, effective from May 3, 2026.

The Composition of RBI Leadership

Under the Reserve Bank of India Act, 1934, the central bank is mandated to have four Deputy Governors. The structure is traditionally designed to bring a balance of internal expertise and external perspectives:

Category	Requirement	Current Deputy Governor
Internal Promotion	Two from within RBI ranks	Rohit Jain
Internal Promotion	Two from within RBI ranks	S.C. Murmu
Commercial Banker	One from the banking sector	Swaminathan J.
Economist	One to head Monetary Policy	Poonam Gupta