M Rajeshwar Rao Reappointed as Deputy Governor of Reserve Bank of India
The Central government has decided to reappoint M Rajeshwar Rao as the Deputy Governor of the Reserve Bank of India (RBI) for another year. This reappointment will take effect from October 9, 2024, or until further orders are issued. Rao initially took on the role of Deputy Governor in September 2020 for a three-year term and received a one-year extension in 2023.
Career Highlights of M Rajeshwar Rao
Rajeshwar Rao began his journey with the Reserve Bank of India in 1984. Over the years, he has gained extensive experience in various aspects of central banking. He has previously led the Risk Monitoring Department and served as the Banking Ombudsman in New Delhi. Additionally, he has worked in the RBI’s regional offices located in Ahmedabad, Hyderabad, Chennai, and New Delhi.
Educational Background
Rao holds a Bachelor of Arts degree in Economics and a Master of Business Administration from the University of Cochin. He is also a Certificated Associate of the Indian Institute of Bankers.
Doubts Revealed
M Rajeshwar Rao -: M Rajeshwar Rao is a person who works at the Reserve Bank of India, which is the central bank of India. He has been working there for a long time and has done many important jobs.
Deputy Governor -: A Deputy Governor is a high-ranking official in the Reserve Bank of India. They help make important decisions about how money is managed in the country.
Reserve Bank of India -: The Reserve Bank of India (RBI) is the central bank of India. It controls the money supply and interest rates in the country to keep the economy stable.
Risk Monitoring Department -: The Risk Monitoring Department is a part of the RBI that keeps an eye on potential financial risks. This helps to ensure that banks and the financial system are safe and stable.
Banking Ombudsman -: A Banking Ombudsman is a person who helps resolve complaints from people about their banks. They make sure that banks treat their customers fairly.
University of Cochin -: The University of Cochin is a university in India where people can study different subjects, like Economics and Business Administration.
Certificated Associate of the Indian Institute of Bankers -: This is a special qualification for people who work in banks. It shows that they have learned a lot about banking and are skilled in their job.