Who Is Shirish Chandra Murmu? Key Facts About RBI’s New Deputy Governor

The government has appointed Shirish Chandra Murmu as the new deputy governor of the Reserve Bank of India (RBI) for a three-year term beginning October 9. He will succeed Rajeshwar Rao, whose tenure as deputy governor ends on October 8. Rao has been overseeing key portfolios, including banking regulation, during his tenure.

Appointment Details

Murmu, who currently serves as an Executive Director at the RBI, will officially assume charge on October 9. His appointment marks a significant leadership transition within the central bank, as he takes over one of the top four deputy governor positions.

Role of RBI Deputy Governors

The RBI has four deputy governors, each entrusted with critical responsibilities in areas such as monetary policy, banking supervision, and financial market regulation. While Murmu's specific portfolio has not yet been disclosed, he is expected to take charge of one or more of these key domains.

Murmu's Current Role

In his present position as Executive Director, Murmu has been actively involved in senior oversight and regulatory responsibilities. According to the RBI's official website, his work within the Secretary's Department includes governance matters, inter-departmental coordination, regulatory compliance, and internal administration.

Murmu's elevation to deputy governor is seen as a continuation of his significant contributions to the RBI, as he steps into a role critical to the central bank's functioning.