M Rajeshwar Rao appointed deputy governor of RBI

October 9, 2020

The government appointed RBI’s senior-most executive director M Rajeshwar Rao as the deputy governor of the central bank.

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.