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Government appoints Shirish Chandra Murmu as RBI Deputy Governor for three years

Murmu, who is currently the general manager in the RBI, will take over from M Rajeswar Rao, who retired this week.

The government appointed Shirish Chandra Murmu as the new deputy governor of the Indian Reserve Bank (RBI). The three -year period will begin on 9 October.

Murmu is currently working as the General Manager at the Central Bank, this week will be retired by M Rajeswar Rao. RBI has four deputy governors responsible for key areas such as banking regulation, financial markets and monetary policy. Murmu’s special responsibilities have not yet been announced, but it is expected to control one or more of these areas.

According to the RBI’s website, Murmu has been involved in major administrative and regulatory studies as the General Manager, including governance, compliance and coordination between departments.

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