Last year, Sankar was elected chairman of Indian Financial Technology and Allied Services, a RBI subsidiary.
The government has appointed RBI CEO T.Rabi Sankar as the fourth deputy governor of the central bank.Sankar closes BP Kanungo's retirement vacancy on April 2, after completing one year.
The Cabinet Nomination Committee on Saturday revoked his appointment for a term of three years or until he takes office, whichever is earlier.
The other three deputies are Michael D. Patra, who heads the most important department of monetary policy; Mukesh Kumar Jain, a middle-class commercial banker; and Rajeshwar Rao.
Sankar's portfolio could also include Kanungo-led departments, which include fintech, information technology, payment system and risk monitoring.
He joined a major bank as a research officer in September 1990. Sankar holds a Masters in Science and Mathematics from Banaras Hindu University and a diploma in development planning from the Institute of Economic Growth, according to a Linkedin post.
Last year, Sankar was appointed chairman of Indian Financial Technology and Allied Services, an RBI subsidiary. Prior to that, he worked with the International Monetary Fund to develop bond markets in the government and central bank of Bangladesh.
The government has appointed RBI CEO T.Rabi Sankar as the fourth deputy governor of the central bank.Sankar closes BP Kanungo's retirement vacancy on April 2, after completing one year.
The Cabinet Nomination Committee on Saturday revoked his appointment for a term of three years or until he takes office, whichever is earlier.
The other three deputies are Michael D. Patra, who heads the most important department of monetary policy; Mukesh Kumar Jain, a middle-class commercial banker; and Rajeshwar Rao.
Sankar's portfolio could also include Kanungo-led departments, which include fintech, information technology, payment system and risk monitoring.
He joined a major bank as a research officer in September 1990. Sankar holds a Masters in Science and Mathematics from Banaras Hindu University and a diploma in development planning from the Institute of Economic Growth, according to a Linkedin post.
Last year, Sankar was appointed chairman of Indian Financial Technology and Allied Services, an RBI subsidiary. Prior to that, he worked with the International Monetary Fund to develop bond markets in the government and central bank of Bangladesh.
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