RBI Deputy Governor: Big news from the Reserve Bank of India!
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Shirish Chandra Murmu has now been appointed as the new deputy governor, starting his service office from October 9, 2025, for a three-year term.
Right now, Murmu is an executive director at the RBI, and he’s stepping into some big shoes, he’ll be replacing Rajeshwar Rao, whose term ends on October 8.
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Rao has been handling important areas like banking regulation, so Murmu has quite the challenge ahead! The RBI has four deputy governors overseeing key departments like monetary policy and financial regulation. Curious to see which portfolio Murmu will take on? Stay tuned his specific role will be announced soon!
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RBI Deputy Governors and Murmu’s Upcoming Role
- The Reserve Bank of India (RBI) has four deputy governors managing key departments.
- Their portfolios usually cover monetary policy, financial market regulation, banking supervision, and other regulatory functions.
- Deputy governors ensure the smooth functioning and stability of India’s financial system through oversight and policy implementation.
- Shirish Chandra Murmu has been appointed as the new deputy governor, effective October 9, 2025.
- Murmu’s specific portfolio within the RBI has not yet been announced.
- Further updates on his role are expected soon.