RBI DeputyGovernor Rao gets 1-year extension

M Rajeshwar Rao has been re-appointed as RBI’s deputy governor for one year with effect from October 9.

Rao (62) was appointed as deputy governor of RBI in October 2020 for three years. He is in charge of regulation, communication, enforcement, legal, and risk management in the central bank.

Rao was earlier executive director in-charge of statistics and information management, the financial markets operation department, and the international department. He had joined RBI in 1984 and had worked as the banking ombudsman in New Delhi and in RBI’s regional offices.