The Centre has extended the tenure of Reserve Bank of India (RBI) Deputy Governor T. Rabi Sankar by another year, effective from 3rd May 2025.

Sankar was first appointed as deputy governor in May 2021 for a three-year term. He received his first one-year extension in 2024, his second consecutive extension.

An official notification from the Secretariat of the Appointments Committee of the Cabinet (ACC) stated, “The Appointments Committee of the Cabinet has approved the re-appointment of Shri T Rabi Sankar as Deputy Governor, Reserve Bank of India, for a period of one year with effect from 03.05.2025 or until further orders, whichever is earlier.”

He joined the RBI in 1990 and has served in several departments. Before becoming deputy governor, he was Executive Director at the central bank.

The RBI’s top leadership includes Governor Sanjay Malhotra and four deputy governors — T. Rabi Sankar, M. Rajeshwar Rao, Swaminathan Janakiraman, and Poonam Gupta. The government appoints all.

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