Government Appoints New Deputy Governor at Reserve Bank of India for Three-Year Term

The Reserve Bank of India (<a href="https://studycafe.in/rbi-expands-reporting-norms-for-global-inr-derivative-transactions-by-banks-418450.html">RBI</a>) recently issued a press release on May 2, 2026, announcing an appointing of a deputy governor of India.

In the order the <a href="https://studycafe.in/government-amends-saed-rates-on-exports-of-atf-to-rs-33-litre-read-notification-419172.html">Government</a> of India stated that it has appointed Shri Rohit Jain, currently an Executive Director, as the Deputy Governor of the Reserve Bank of India (RBI).

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The appointment has been taken under the powers given by clause (a) of sub-section (1) of the Reserve Bank of India Act, 1934.

Rohit Jain will take charge as Deputy Governor for a period of three years starting from the day he joins the post on or after May 3, 2026, or until further orders, whichever comes earlier.

Government Appoints New Deputy Governor at Reserve Bank of India for Three-Year Term

The Reserve Bank of India (<a href="https://studycafe.in/rbi-expands-reporting-norms-for-global-inr-derivative-transactions-by-banks-418450.html">RBI</a>) recently issued a press release on May 2, 2026, announcing an appointing of a deputy governor of India.

In the order the <a href="https://studycafe.in/government-amends-saed-rates-on-exports-of-atf-to-rs-33-litre-read-notification-419172.html">Government</a> of India stated that it has appointed Shri Rohit Jain, currently an Executive Director, as the Deputy Governor of the Reserve Bank of India (RBI).

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The appointment has been taken under the powers given by clause (a) of sub-section (1) of the Reserve Bank of India Act, 1934.

Rohit Jain will take charge as Deputy Governor for a period of three years starting from the day he joins the post on or after May 3, 2026, or until further orders, whichever comes earlier.

The government appoints a senior executive as Deputy Governor of the RBI for a three-year term under the RBI Act, 1934.

Government Appoints New Deputy Governor at Reserve Bank of India for Three-Year Term

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ITAT remanded the Section 69A cash deposit case to the AO for fresh adjudication after imposing a Rs 15,000 cost on the assessee.