Government Extends Tenure of Reserve Bank of India Deputy Governor Swaminathan Junankar for Two Years

Government Extends Tenure of Reserve Bank Deputy Governor Swaminathan Janakiraman

The government has extended the tenure of Reserve Bank of India (RBI) Deputy Governor Swaminathan Janakiraman for another two years. This decision is effective from June 26, 2026, or until further orders, whichever is earlier.

Swaminathan Janakiraman was initially appointed as RBI Deputy Governor for a period of three years in June 2023. His reappointment underscores the government's confidence in his ability to lead the country's central bank. Prior to his appointment, Janakiraman replaced MK Jain, who previously served as the Managing Director of IDBI Bank.

The RBI Act, 1934, mandates that the central bank should have four deputy governors, comprising two internal candidates, one commercial banker, and an economist to head the monetary policy department. The other three deputy governors currently serving are Poonam Gupta, Shirish Chandra Murmu, and Rohit Jain.

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