RBI reshuffles portfolios of Deputy Governors; Michael Patra’s tenure concludes

The RBI has reassigned responsibilities among three Deputy Governors, M Rajeshwar Rao, T Rabi Sankar, and Swaminathan Janakiraman, effective January 15, 2025. The reshuffle follows the conclusion of Michael Patra’s tenure, with Rao, Sankar, and Janakiraman overseeing departments spanning regulation, fintech, monetary policy, and financial stability.

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