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Rajeshwar Rao appointed new RBI Deputy Governor

The government on Wednesday appointed M. Rajeshwar Rao as the Deputy Governor of the Reserve Bank of India (RBI), it said in a notification. Rao is currently an Executive Director with the central bank.

India TV Business Desk India TV Business Desk
New Delhi Updated on: October 07, 2020 21:54 IST
Rajeshwar Rao appointed new RBI Deputy Governor
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Rajeshwar Rao appointed new RBI Deputy Governor

The government on Wednesday appointed M. Rajeshwar Rao as the Deputy Governor of the Reserve Bank of India (RBI), it said in a notification. Rao is currently an Executive Director with the central bank.

"The Appointments Committee of the Cabinet has approved the appointment of M. Rajeshwar Rao, Executive Director, Reserve Bank of India to the post of Deputy Governor, Reserve Bank of India," said a notification by the Department of Personnel and Training.

The post was lying vacant for over six months after N.S. Vishwanathan retired on March 31.

Who is M Rajeshwar Rao?

M. Rajeshwar Rao has been associated with the Reserve Bank of India (RBI) since 1984, holding various positions. In 2016, he took charge as an Executive Director with the central bank. At present, Rao is in-charge of the internal debt management, financial markets operations, international and secretarial departments at the central bank.

He has a Bachelor of Arts (B.A) in Economics and a Master of Business Administration from the University of Cochin. Rao is also a Certificated Associate of Indian Institute of Bankers.

(With Inputs from IANS)

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