Outlook Business Desk
The Appointments Committee of the Cabinet has approved the appointment of Reserve Bank of India (RBI) executive director (ED) Rohit Jain as deputy governor (DG), marking a key leadership move within the banking regulator.
The Appointments Committee of the Cabinet approved Jain’s appointment for a three-year term beginning on or after May 3, 2026, as confirmed in an official notification outlining the timeline and process.
Rohit Jain takes over from T Rabi Sankar, whose tenure ended after receiving two extensions in 2024 and 2025, marking a leadership transition at the central bank following a prolonged stint in the role.
Rohit Jain has nearly 30 years of experience at the Reserve Bank of India, having worked across multiple key functions that influence policy decisions and shape the regulatory framework of the financial system.
He has served as executive director since December 2020 and most recently oversaw banking supervision, a critical function that monitors bank operations and helps maintain stability across the financial system.
Jain was among the senior-most executive directors considered alongside Vivek Deep, Radha Shyam Ratho and Aja Kumar, with his extensive experience and work in banking supervision seen as key factors behind his selection.
The RBI has four deputy governors who oversee departments covering banking regulation, financial markets, foreign exchange, fintech, payments and risk monitoring, while Rohit Jain’s specific portfolio is yet to be finalised.
Jain takes charge as the RBI navigates global uncertainty, inflation risks and rapid fintech changes, where his experience in banking supervision could help strengthen oversight of banks and financial institutions facing evolving risks.