New Delhi, Apr 24 (PTI) The government has extended the term of RBI Deputy Governor T Rabi Sankar for a period of one year, according to sources.

The Appointments Committee of the Cabinet has approved the re-appointment of T Rabi Sankar, Deputy Governor Reserve Bank of India, for a period of one year with effect from May 3, 2024, they said.

Also Read | NEET UG Exam 2024: City Intimation Slip for National Eligibility-cum-Entrance Test Examination Released at exams.nta.ac.in, Know Steps To Download.

He was appointed as the RBI Deputy Governor in May, 2021 for a period of three years.

He had joined the RBI in 1990 and worked in various positions at the central bank.

Also Read | What Is the Zero Shadow Day in Bengaluru About? Here's All You Need To Know About This Rare Celestial Event.

He was Executive Director of the Reserve Bank before being elevated to the post of deputy governor.

As an executive director, he was looking after the Department of Payment and Settlement Systems, the Department of Information Technology, Fintech and the Risk Monitoring Department of the RBI.

He has served as an IMF Consultant (2005-11) on developing government bond markets and debt management. In addition to his professional career at the RBI, he is the Chairman, Indian Financial Technology and Allied Services (IFTAS); member of Board of Directors, ReBIT; and member of Governing Council, IDRBT.

Sankar has done Master of Philosophy in Economics from the Jawaharlal Nehru University.

(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)