The authorities has extended the word of RBI Deputy Governor M Rajeshwar Rao for a play of 1 year, according to sources.
The Appointments Committee of the Cabinet (ACC) has approved the re-appointment of Rao for a play of 1 twelvemonth with effect from October 9, 2024 oregon until further orders, sources said quoting a authorities bid dated October 4. The ACC is headed by Prime Minister Narendra Modi.
Rao was appointed arsenic RBI Deputy Governor successful October 2020 for a play of 3 years.
Rao was elevated arsenic RBI enforcement manager successful November 2016.
An economics postgraduate and a Master of Business Administration from the University of Cochin, Rao joined the cardinal slope successful 1984.
As a vocation cardinal banker, helium has vulnerability to assorted aspects of the RBI's functioning. He has antecedently held the complaint of the Risk Monitoring Department.