The government, on Tuesday, appointed Swaminathan Jankiraman as Reserve Bank deputy governor (DG). The appointment is for a period of three years from the date of joining the post of deputy governor or until further orders.
A cabinet secretary-headed panel interviewed shortlisted candidates on June 1 for the post of RBI deputy governor in place of M.K. Jain, who is completing his extended tenure on Tuesday.
One post of deputy governor is reserved for a commercial banker.
According to the RBI Act, 1934, the central bank should have four deputy governors— two from within the ranks, one commercial banker and an economist to head the monetary policy department.
The other three deputy governors are Michael Debabrata Patra, M. Rajeshwar Rao and T. Rabi Sankar.
Who is Swaminathan Jankiraman
Jankiraman is currently serving as the managing director of State Bank of India. He is responsible for handling the corporate banking and subsidiaries vertical of the SBI.
Before this, he was the head of the finance vertical of the SBI.
He was also responsible for driving the digital transformation of the bank.
Jankiraman has been an SBI employee for more than 34 years.
His domain expertise includes retail and corporate banking, international banking, trade finance, correspondent banking & FI products, digital banking & transaction banking products, according to his LinkedIn bio.
