Mumbai, May 4 -- The Reserve Bank of India on Monday announced a redistribution of portfolios among its deputy governors, following the appointment of Rohit Jain as deputy governor for three years, marking a key administrative reset after the tenure of his predecessor, T. Rabi Sankar.

The central bank said the new allocation, effective 4 May, reflects both continuity in core functions and a strategic rebalancing of responsibilities amid evolving priorities such as oversight of fintech businesses, financial markets regulation, and risk monitoring.

Under the revised structure, Jain has been assigned a wide-ranging and market-facing portfolio. His responsibilities cover departments of corporate strategy and budget, external investments & o...