Particle.news
Download on the App Store
6 ARTICLES
·
3w ago

RBI Finalizes Deputy Governors' Portfolios, Poonam Gupta Takes Charge of Monetary Policy

The Reserve Bank of India has reshuffled responsibilities among its four deputy governors to enhance governance, with Poonam Gupta assuming critical policy roles and joining the Monetary Policy Committee.

Image
Image
Image
Image

Overview

  • Poonam Gupta, the newly appointed deputy governor, now oversees key departments including Monetary Policy, Economic and Policy Research, and Financial Stability.
  • Gupta has officially joined the Monetary Policy Committee, replacing M Rajeshwar Rao as the RBI's representative in the six-member body.
  • M Rajeshwar Rao has been reassigned to regulatory and enforcement functions, including the Departments of Regulation, Enforcement, and Legal, as well as risk monitoring and policy coordination.
  • T Rabi Sankar will manage operational and technology-focused areas, such as payment systems, fintech, foreign exchange, and IT, reflecting the RBI's emphasis on digital innovation.
  • Swaminathan Janakiraman has been tasked with supervisory and consumer-focused functions, including financial inclusion, deposit insurance, and consumer protection.