RBI announces portfolios for deputy Governors: Here's who handles what

The Reserve Bank of India (RBI) on Friday officially released the updated portfolio allocation for its four deputy governors, delineating key responsibilities across departments critical to India’s financial and monetary systems.

M Rajeshwar Rao will oversee regulatory and enforcement functions, with charge of the Department of Regulation, Enforcement Department, and Legal Department. He also heads coordination roles through the Secretary’s Department, Risk Monitoring Department, and overall policy coordination.

T Rabi Sankar has been assigned a broad spectrum of operational and technology-driven portfolios. These include the Department of Payment and Settlement Systems, Fintech Department, Foreign Exchange Department, Information Technology, and Central Security Cell. He also manages government-related accounts and external investment operations, highlighting his role in digital and cross-border financial management.

Swaminathan Janakiraman focuses on supervisory and consumer-centric functions, leading the Department of Supervision, Consumer Education and Protection Department, and Deposit Insurance and Credit Guarantee Corporation. His portfolio also covers Financial Inclusion, Inspection, Rajbhasha, and Premises Departments.

Poonam Gupta, the newest entrant, will take charge of macroeconomic policy and communication. She heads key analytical and strategic wings, including the Monetary Policy Department, Department of Economic and Policy Research, Financial Stability Department, and International Department, along with overseeing the Department of Communication and Corporate Strategy and Budget.

This strategic division of responsibilities aims to enhance the RBI's efficiency in navigating the dynamic challenges of financial regulation, technological innovation, and macroeconomic stability.