Reserve Bank of India (RBI) has reassigned roles among its deputy governors

Current Context: On May 2, 2025, the Reserve Bank of India (RBI) reassigned portfolios among its four deputy governors, following the appointment of Dr. Poonam Gupta.

Key Highlights:

• Poonam Gupta: Oversees Monetary Policy, Financial Stability, Economic & Policy Research, International Affairs, and Communication.
• M Rajeshwar Rao: Manages Regulation, Enforcement, Legal, Risk Monitoring, and Coordination.
• T Rabi Sankar: Handles Payment Systems, FinTech, Foreign Exchange, IT, and Government Accounts.
• Swaminathan Janakiraman: Supervises Consumer Protection, Financial Inclusion, Deposit Insurance, and Inspection.

This reshuffle aims to enhance RBI’s efficiency in financial regulation, macroeconomic stability, and digital transformation.

Question:

Q.1 Who was appointed as a deputy governor of the Reserve Bank of India (RBI) on May 2, 2025, leading to the reassignment of portfolios?
a) M Rajeshwar Rao
b) Dr. Poonam Gupta
c) T Rabi Sankar
d) Swaminathan Janakiraman

Answer: b) Dr. Poonam Gupta’s appointment as a deputy governor on May 2, 2025, prompted the RBI to reassign portfolios among its four deputy governors to optimize its operational efficiency.