New Delhi/Mumbai: The Appointments Committee of the Cabinet has appointed Rohit Jain as the new Deputy Governor of the Reserve Bank of India (RBI) for a period of three years. His appointment will take effect from May 3, 2026, or thereafter.
Jain succeeds outgoing Deputy Governor T. Rabi Sankar, whose tenure concludes today, marking a significant leadership transition at India’s central bank.
From Executive Director to Deputy Governor
Prior to his elevation, Rohit Jain had been serving as an Executive Director (ED) at the RBI since December 2020. In this role, he oversaw the Department of Supervision, specifically handling Risk, Analytics, and Vulnerability Assessment—a crucial area for maintaining financial system stability.
His appointment follows a selection process in which the Central Government interviewed four Executive Directors, eventually choosing Jain for the top post.
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Nearly Three Decades of Central Banking Experience
A career central banker, Jain brings close to 30 years of experience within the RBI. Over the years, he has worked across several key domains, including:
- Banking supervision
- Human resource management
- Core banking operations
- Financial risk assessment and regulatory oversight
His long-standing experience is expected to ensure continuity and strengthen policy execution at the central bank.
Academic Background and Professional Credentials
Rohit Jain has a strong academic and professional foundation in finance and management:
- Master’s Degree in Commerce (M.Com)
- Master of Business Administration (MBA)
- Post Graduate Diploma in Risk Management
Professional Certifications
- AICWA – Associate of the Institute of Cost and Works Accountants of India
- CAIIB – Certified Associate of the Indian Institute of Banking and Finance
- ICBRR – International Certificate in Banking Risk and Regulation
- CTRM (Level II) – Certificate in Treasury and Risk Management
He is also a certified bank trainer, reflecting his expertise in capacity building within the financial sector.
Likely Key Portfolios at RBI
Rohit Jain is expected to take over several important departments currently handled by T. Rabi Sankar. These may include:
- Financial Market Regulation
- Foreign Exchange Management
- Payment and Settlement Systems
The RBI is expected to officially announce his portfolio allocation soon.
RBI’s Deputy Governor Structure
The Reserve Bank of India has a total of four Deputy Governors:
- Two are promoted internally from within the RBI
- Two are appointed from external fields
With Jain’s appointment, he joins S.C. Murmu as an internally promoted Deputy Governor (Murmu was elevated in October 2025).
The other two Deputy Governors currently serving are:
- Poonam Gupta
- Swaminathan J.
Background and Early Life
While official announcements focus on professional achievements, Mr Jain hails from Pratapgarh in Rajasthan, where he grew up in a modest environment that shaped his early interest in finance and management.
A Strategic Leadership Transition
Jain’s appointment is part of a broader leadership transition within the RBI aimed at ensuring stability in regulatory and policy functions. With deep expertise in supervision and risk management, he is expected to play a crucial role in navigating evolving financial challenges and strengthening India’s banking ecosystem.
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