Government appoints S.C. Murmu as RBI Deputy Governor

The authorities has appointed Shirish Chandra Murmu arsenic Deputy Governor of the Reserve Bank of India for a three-year term. The Appointments Committee of the Cabinet approved his assignment connected Monday (September 29, 2025).

Mr. Murmu’s assignment volition instrumentality effect from October 9, a authorities announcement said. He is presently Executive Director astatine the Reserve Bank of India (RBI).

Mr. Murmu volition regenerate Rajeshwar Rao, who is presently the lawman politician successful complaint of banking regularisation and different portfolios. Mr. Rao’s word ends connected October 8.

The cardinal slope has 4 lawman governors, spanning departments including monetary policy, fiscal markets regulations, banking supervision and regulations.

Mr. Murmu’s portfolio allocation has yet to beryllium announced.