Shirish Chandra Murmu will take over as RBI Deputy Governor from M Rajeshwar Rao, whose extended five-year tenure comes to an end on October 8, sources said

The Appointments Committee of the Cabinet has approved the appointment of Shirish Chandra Murmu as the new Deputy Governor of the Reserve Bank of India (RBI) for a three-year term, sources said on Monday, reported the PTI.

They said that the Cabinet has approved his appointment for a period of three years from the date of joining the post on or after October 9. Read More

Murmu will take over from M Rajeshwar Rao, whose extended five-year tenure comes to an end on October 8.

Rao was first appointed in September 2020 for a three-year term and was subsequently given two extensions, in 2023 and 2024.

Murmu is currently serving as

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