The Central Government has extended the tenure of Mr. M. Rajeshwar Rao as Deputy Governor of the Reserve Bank of India for one more year, starting from October 9, 2024, or until further orders.
This is his second one-year extension, following his initial appointment in October 2020 for a three-year term. Mr. Rao will continue overseeing the Department of Regulation, Department of Communication, Enforcement Department, Legal Department, and Risk Monitoring Department.
