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Deputy Governor of the RBI, Rajeshwar Rao, has received a one-year extension.

Appointment | Dated: 19 Oct 2024

The Appointments Committee of the Cabinet (ACC), chaired by Prime Minister (PM) Narendra Modi, has approved the re-appointment of M. Rajeshwar Rao as the Deputy Governor of the Reserve Bank of India (RBI) for one year, starting from October 9, 2024, or until further orders.

🎯 Key Highlights:

  • - Rao joined the RBI in 1984 and became an executive director in November 2016.
  • - He was first appointed as Deputy Governor of the RBI in October 2020 for a three-year term.

💡 Other Important Facts:

  • In September 2023, he was re-appointed as Deputy Governor for one year, effective from October 2023.

📚 Test Your Knowledge:

What is the duration of Rajeshwar Rao's term extension as Deputy Governor of RBI?

Correct Answer: 1 year

🚀 Quick Recap: