The Centre has named T. Rabi Sankar as the Deputy Governor of the Reserve Bank of India. His appointment is for three years tenure or until further orders, whichever is earlier.
Earlier, Sankar was Executive Director of the Reserve Bank before being promoted to the post of Deputy Governor.
Sankar joined RBI in 1990 and has been associated with various positions in the Reserve Bank of India. As Executive Director, he was supervising after the Department of Payment and Settlement Systems, the Department of Information Technology, Fintech and the Risk Monitoring Department in RBI.
He is a seasoned expert in areas such as exchange rate management, reserves portfolio management, public debt management, monetary operations and development, regulation and surveillance of financial markets, payment systems and IT infrastructure.
Sankar was an IMF Consultant (2005-11) and helped in developing Government bond markets and debt management.
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He represented the central bank on international forums like Bank for International Settlements and various internal and external expert committees and working groups.
Apart from RBI, he is also the Chairman of Indian Financial Technology and Allied Services (IFTAS), member of Board of Directors, ReBIT and member of Governing Council IDRBT.
He holds Master of Philosophy in Economics from the Jawaharlal Nehru University, New Delhi.