Mumbai (29.09.2024) : The Appointments Committee of the Cabinet has appointed Shirish Chandra Murmu as the new deputy governor of the Reserve Bank of India for a three-year term. The appointment comes in the wake of the retirement of M Rajeshwar Rao early next month. The governor and the four deputy governors of the Reserve Bank are appointed by the government and are not employees of the central bank. The appointment of Murmu, who is currently an executive director, will take effect from October 9. Murmu will replace Rajeshwar Rao. Rao’s term ends on October 8. The four deputy governors of the RBI are in charge of the four key departments, including monetary policy, financial markets regulations, banking supervision and regulations of the apex bank.

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