Government Approves Extension for RBI Deputy Governor

In a significant move, the Indian government has granted a second one-year extension to RBI Deputy Governor T Rabi Sankar, extending his term till May 2026. This decision underscores the government's confidence in his leadership and contributions to the Reserve Bank of India.

The Appointments Committee of Cabinet has officially approved Sankar's re-appointment, effective from May 3, 2025, or until further orders. This extension highlights the continuity and stability within the RBI's leadership during a critical period for India's economy.