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Message: [QUOTE="Munyaradzi Mafaro, post: 62228, member: 636"] The federal government appointed Shirish Chandra Murmu as Reserve Bank of India Deputy Governor on Monday for three years. His term begins on October 9, succeeding M. Rajeshwar Rao, whose extended service concludes on October 8. Murmu presently serves as Executive Director at RBI, managing the Department of Supervision. The Appointments Committee of the Union Cabinet approved the designation. The central bank maintains four Deputy Governors by law. T. Rabi Sankar, Poonam Gupta, and Swaminathan J hold the other positions. Rao completed five years after receiving two one-year extensions in 2023, and 2024. The government appointed former RBI Governor Urjit Patel as IMF Executive Director last month for three years. [/QUOTE]