The Appointments Committee of the Cabinet (ACC) has approved the appointment of Rohit Jain, Executive Director (ED) of the Reserve Bank of India (RBI), as the new Deputy Governor (DG).
- 📅 Tenure: 3 years (from joining on or after 3 May 2026)
- 👨💼 Experience: Nearly 30 years in RBI, with key roles including banking supervision
- 🔁 Replaces: T. Rabi Sankar, whose tenure ended after extensions in 2024 and 2025
Jain has been serving as an Executive Director since December 2020 and was among the senior-most candidates for the DG post.
- He becomes one of the Deputy Governors promoted internally, along with SC Murmu (appointed in 2025)
- Other DGs include Poonam Gupta and Swaminathan J, appointed from outside RBI
- Department reshuffling is expected after his appointment
Q. Who has been appointed as the Deputy Governor of the Reserve Bank of India (RBI) in May 2026?
A. Poonam Gupta
B. Swaminathan J
C. Rohit Jain
D. S.C. Murmu
Answer: C
Explanation: Rohit Jain, former Executive Director of RBI, was appointed as Deputy Governor in May 2026.
