T Rabi Sankar named RBI deputy governor to succeed B P Kanungo

Reserve Bank of India (RBI) executive director T Rabi Sankar has been named as the fourth Deputy Governor of the central bank, sources said.

Rabi Sankar is in charge of the payments system, fintech, information technology and risk management at the RBI. He succeeds B P Kanungo as the deputy governor, who retired on April 2 after getting a one year extension in his position. 

Rabi Sankar now joins Mahesh Kumar Jain, Michael Patra and Rajeshwar Rao as the fourth deputy governor of the central bank. 

Rabi Sankar has an M Phil in Economics degree and has handled all critical