New Delhi: The government has extended the term of RBI Deputy Governor M Rajeshwar Rao for one year, according to sources. The Appointments Committee of the Cabinet (ACC) has approved the re-appointment of Rao for one year with effect from October 9, 2024 or until further orders, sources said quoting a government order dated October 4. The ACC is headed by Prime Minister Narendra Modi. Rao was appointed as RBI Deputy Governor in October 2020 for three years.
Govt Grants One-Year Extension To RBI Deputy Governor Rajeshwar Rao
The Appointments Committee of the Cabinet approved re-appointment of RBI Deputy Governor Rao for one year with effect from October 9 or until further orders.
Representational image (ETV Bharat)
By PTI
Published : Oct 5, 2024, 2:37 PM IST
Rao was elevated as RBI executive director in November 2016. An economics graduate and a Master of Business Administration from the University of Cochin, Rao joined the central bank in 1984. As a career central banker, he has exposure to various aspects of the RBI's functioning. He has previously held the charge of the Risk Monitoring Department.