![M Rajeshwar Rao appointed deputy governor of RBI](https://www.gkseries.com/blog/wp-content/uploads/2020/10/M-Rajeshwar-Rao-appointed-deputy-governor-of-RBI.jpg)
The government appointed RBI’s senior-most executive director M Rajeshwar Rao as the deputy governor of the central bank.
Daily Current Affairs Quiz 2020
Key-Points
Rao was appointed to the post vacated by N S Vishwanathan, who stepped down three months ahead of his extended tenure on health grounds.
The RBI needs four Deputy Governors: two from within the ranks, a commercial banker and an economist to head the monetary policy department.