Goa, May 3 -- The Government of India has appointed Rohit Jain as the new Deputy Governor of the Reserve Bank of India (RBI), according to an official notification dated May 2, 2026. The appointment has been made under the provisions of the RBI Act, 1934, reinforcing the government's commitment to strengthening leadership at the country's central bank.

Exercising the powers conferred under Section 8 of the RBI Act, the government has elevated Jain from his current role as Executive Director at the RBI to the position of Deputy Governor. His promotion comes as part of the institution's ongoing efforts to ensure continuity and experienced oversight in critical financial functions.

Jain will assume office for a tenure of three years, effec...