Who is Rohit Jain? RBI's New Deputy Governor

The Centre has cleared the appointment of Rohit Jain as Deputy Governor of the Reserve Bank of India, marking a key leadership change at the country's central bank. The decision, approved by the Appointments Committee of the Cabinet, places Jain in the role for a three-year term, with him set to take charge on or after May 3.

Rohit Jain will replace T Rabi Sankar, whose tenure recently concluded after multiple extensions. Having first taken office in 2021, Rabi Sankar remained in the position through extensions granted in 2024 and 2025.

A career central banker, Rohit Jain currently serves as an Executive Director at the RBI and brings close to 30 years of institutional experience. His career has spanned several critical functions, including banking supervision, risk management, and human resources. Most recently, he has been closely involved in monitoring systemic risks and assessing vulnerabilities within the financial sector.

Jain's academic credentials include a Master's degree in Commerce and an MBA, alongside specialised certifications in banking and financial regulation-reflecting a strong foundation in both policy and practice.

In his new role, he is expected to take charge of key verticals that are vital to the RBI's operations. These include financial market regulation, foreign exchange management, and payment and settlement systems. An official allocation of portfolios is likely to be announced shortly.

His appointment comes at a time when the central bank is dealing with shifting global financial dynamics and domestic economic priorities, placing added importance on experienced leadership within the institution.