Reserve Bank of India Appointed Rohit Jain As Deputy Governor For Three Year Term; Succeeds T. Rabi Sankar

The government has cleared the appointment of Rohit Jain as Deputy Governor of the Reserve Bank of India, filling the vacancy that follows the end of T. Rabi Sankar’s tenure in May 2026, and confirming a three-year term for Jain.

Rohit Jain Appointed RBI Deputy Governor for Three-Year Term After T. Rabi Sankar’s Exit

According to the official communication, the Appointments Committee of the Cabinet finalised the decision after interviews with four executive directors earlier that week, placing Jain in one of the central bank’s top leadership roles during a crucial phase for monetary policy and regulation.

The formal order stated: "The Appointments Committee of the Cabinet has approved the appointment of Shri Rohit Jain, Executive Director, Reserve Bank of India to the post of Deputy Governor, Reserve Bank of India for a period of three years from the date of joining the post on or after 03.05.2026 or until further orders, whichever is earlier," the letter read.

Rohit Jain to Assume Charge From May 3, 2026

Jain will assume charge from the date of joining on or after 3 May 2026, with the notice clarifying that further government directions can modify the tenure if required, a standard clause for senior appointments at the Reserve Bank of India.

Rohit Jain RBI Deputy Governor selection process and other candidates

Before the appointment, the Reserve Bank of India shortlisted four executive directors for interaction with the Appointments Committee, with interviews held on Monday, 27 April, to decide who would succeed T. Rabi Sankar as Deputy Governor after the completion of the term in May 2026.

The shortlisted executives were Rohit Jain, Vivek Deep, Radha Shyam Ratho, and Ajay Kumar, with all four currently holding key responsibilities within the Reserve Bank of India, reflecting the internal nature of the selection process for this senior position.

Name	Current role	Main responsibilities	Since
Vivek Deep	Executive Director	Currency management; payment and settlement systems	September 2020
Rohit Jain	Executive Director	Department of Supervision, overseeing banks and NBFCs	December 2020
Radha Shyam Ratho	Executive Director	Financial Markets Operations; External Investments and Operations	December 2020
Ajay Kumar	Regional Director, New Delhi	Internal Debt Management; earlier External Investments and Operations	Not specified

Among the contenders, Vivek Deep is the senior-most executive director and handles currency management along with payment and settlement systems, a portfolio held since September 2020, while Ajay Kumar heads the Reserve Bank of India’s New Delhi Regional Office and leads the Internal Debt Management Department.