The Reserve Bank of India (RBI) has entrusted newly appointed Deputy Governor Rohit Jain with overseeing critical verticals, including the foreign exchange and fintech departments. Jain takes charge of 10 departments, such as Corporate Strategy, Budget, Government and Bank Accounts, Information Technology, and more. He succeeds former Deputy Governor T Rabi Sankar and officially assumed his role for a three-year term after government approval.
Rohit Jain, a seasoned central banker with over 34 years of experience at RBI, held various significant positions before his current appointment. He previously served as an executive director, focusing on supervisory assessment functions within the Department of Supervision. Jain’s career also includes leadership roles in the Department of Supervision at RBI’s Central Office and as Chief General Manager at the New Delhi Regional Office.
Jain’s appointment aligns with RBI’s strategic focus on strengthening financial market oversight, improving fintech regulation, and managing foreign exchange operations amid changing global and domestic economic landscapes. The government officially named Rohit Jain as Deputy Governor of RBI on May 2, succeeding his role as an executive director at the central bank.
