Rohit Jain Takes Helm as RBI's New Deputy Governor

Rohit Jain has been appointed as the Deputy Governor of the Reserve Bank of India, succeeding T Rabi Sankar. Jain will oversee several key departments, including Financial Markets Regulation and IT, bringing over 34 years of central banking experience to the role.

Rohit Jain has been appointed as the new Deputy Governor of the Reserve Bank of India (RBI), commencing his three-year term on Monday as per the Government of India's notification dated May 02, 2026. Jain succeeds T Rabi Sankar, who retired last month, and brings a wealth of experience to the position, having previously served as Executive Director at the RBI.

In his new role, Jain is set to oversee a range of critical departments, including External Investments and Operations, Financial Markets Regulation, Internal Debt Management, and several others. Jain's career in central banking spans more than 34 years, starting with his joining the RBI in 1991. Over the years, he has taken on numerous key roles that solidify his expertise in the field.

Before his current appointment, Jain was the Executive Director, supervising the Department of Supervision, and has served as Chief General Manager at the Department of Supervision and the New Delhi Regional Office. His extensive experience is further highlighted by his participation in high-level committees such as the Basel Committee on Banking Supervision and the Financial Stability Board. Jain's academic credentials include an MBA in Finance and an M.Com in Economics, complemented by certifications in banking risk and regulation.