RBI Dy Governor portfolio reshuffle: M Rajeshwar Rao to be in charge of MPC, T Rabi Sankar gets financial market ops

RBI Dy Governor portfolio reshuffle: The Reserve Bank of India announced the portfolio duty rejig of its three remaining deputy governors on Tuesday, January 14, with the retirement of Dr Micheal Debabrata Patra, RBI's senior-most deputy governor. According to the central bank's latest duty allocation, M Rajeshwar Rao will take charge of the Department of Monetary Policy, which Dr Patra earlier headed. The central bank has allocated the financial markets operations department to T Rabi Sankar. RBI Dy Governor portfolio reshuffle M Rajeshwar Rao has been given 11 portfolios- Co-ordination, Department of Communication Department of Economic and Policy Research Department of Regulation Department of Statistics and Information Management Enforcement Department, International Department Legal Department Monetary Policy Department Risk Monitoring Department Secretary's Department. T Rabi Sankar will head 13 departments: Central Security Cell, Department of Currency Management Department of External Investments & Operations Department of Government and Bank Accounts Department of Information Technology Department of Payment and Settlement Systems Fintech Department Financial Markets Operations Department Financial Markets Regulation Department Foreign Exchange Department Human Resource Management Department Internal Debt Management Department Right to Information Division Swaminathan Janakiraman will look after nine portfolios: Consumer Education and Protection Department Corporate Strategy and Budget Department Department of Supervision Deposit Insurance and Credit Guarantee Corporation Financial Inclusion and Development Department Financial Stability Department Inspection Department Premises Department Rajbhasha Department In 2023, the central government extended M Rajeshwar Rao's term as the RBI's Deputy Governor by one year.