Govt appoints T Rabi Sankar as Deputy Governor of RBI

• T Rabi Sankar has assumed charge as Deputy Governor of Reserve Bank of India (RBI) on Monday

• Sankar was serving as Executive Director of the central bank, earlier, he has also served as an IMF Consultant

New Delhi: T Rabi Sankar has assumed charge as Deputy Governor of Reserve Bank of India (RBI) on Monday. The Central Government has appointed him on the post for a period of three years or until further orders, whichever is earlier. Prior to this elevation, Sankar was serving as Executive Director of the same central bank. With his new charge, Sankar has replaced BP Kanungo who has superannuated on April 2.

Sankar, a career central banker joined the Bank in 1990 and has worked in various positions in the RBI. As Executive Director, he was looking after the Department of Payment and Settlement Systems, the Department of Information Technology, Fintech and the Risk Monitoring Department in RBI. His areas of expertise include exchange rate management, reserves portfolio management, public debt management, monetary operations and development, regulation and surveillance of financial markets, payment systems and IT infrastructure.

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Sankar has served as an IMF Consultant (2005-11) on developing government bond markets and debt management. He represented RBI on international forums like Bank for International Settlements and various internal and external expert committees and working groups. In addition to his professional career at RBI, he is Chairman of Indian Financial Technology and Allied Services (IFTAS), member of Board of Directors, ReBIT and member of Governing Council IDRBT.

Also, Sankar has a Master of Philosophy in Economics from the Jawaharlal Nehru University, New Delhi.

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