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The federal government has prolonged the time period of RBI Deputy Governor M Rajeshwar Rao for a interval of 1 12 months, in response to sources.
The Appointments Committee of the Cupboard (ACC) has authorized the re-appointment of Rao for a interval of 1 12 months with impact from October 9, 2024 or till additional orders, sources mentioned quoting a authorities order dated October 4. The ACC is headed by Prime Minister Narendra Modi.
Rao was appointed as RBI Deputy Governor in October 2020 for a interval of three years.
Rao was elevated as RBI government director in November 2016.
An economics graduate and a Grasp of Enterprise Administration from the College of Cochin, Rao joined the central financial institution in 1984.
As a profession central banker, he has publicity to numerous facets of the RBI’s functioning. He has beforehand held the cost of the Danger Monitoring Division.
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