NationalMonday, 4 May 2026·https://testbook.com/current-affairs/04-may-2026-daily-current-affairs
RBI Deputy Governor appointment: Rohit Jain gets 3-year term from May 3, 2026
Rohit Jain was appointed RBI Deputy Governor for three years from May 3, 2026, under the RBI Act, 1934.
Key highlights
Direct fact
In May 2026, the Government of India appointed Rohit Jain as Deputy Governor of the Reserve Bank of India (RBI) for a 3-year term beginning on 3 May 2026, filling one of the four statutory Deputy Governor posts under the RBI Act, 1934.
Key specifics
- RBI must have exactly 4 Deputy Governors under the RBI Act, 1934.
- Rohit Jain succeeded T Rabi Sankar, who had been appointed in September 2021.
- The other serving Deputy Governors named in the report were Swaminathan J, Poonam Gupta and S C Murmu.
- RBI was established on 1 April 1935 and nationalised on 1 January 1949.
- RBI headquarters is in Mumbai, Maharashtra.
Exam lens
Question type: appointment + statutory body match-the-following; remember 3 May 2026, RBI Act, 1934, 4 Deputy Governors, and the names Swaminathan J, Poonam Gupta, S C Murmu. TNPSC may ask who appoints the RBI Deputy Governor and how many posts are mandated.