Rohit Jain appointed RBI Deputy Governor

Rohit Jain has been appointed as the Deputy Governor of the State Bank of India for a three-year term, effective May 3, 2026. He will succeed Deputy Governor of the Reserve Bank of India, whose tenure ends on May 2. The appointment was approved by the India — Appointments Committee of the Cabinet and notified by the India — Ministry of Personnel, Public Grievances and Pensions. Rohit Jain, currently an Executive Director at the State Bank of India, brings nearly 30 years of experience in supervision, banking operations, and human resource management. He is expected to oversee key functions such as financial markets regulation, foreign exchange, and payment and settlement systems, previously handled by Deputy Governor of the Reserve Bank of India. This internal promotion aligns with the State Bank of India's trend of elevating experienced central bankers to leadership roles, ensuring stability amidst evolving global financial dynamics and domestic economic priorities in India.