New Delhi, April 22 -- The Appointments Committee of the Cabinet (ACC) has approved the reappointment of T. Rabi Sankar as Deputy Governor of the Reserve Bank of India (RBI) for a period of one year.

According to an official order issued by the Department of Personnel & Training, Sankar's extended tenure will begin on May 3, 2025, or until further orders, whichever is earlier.

Sankar is currently overseeing the key portfolios of the FinTech Department, the Financial Markets Operations Department, and the Financial Markets Regulation Department at the Reserve Bank of India (RBI). Sankar has played a pivotal role in the launch of the Central Bank Digital Currency (CBDC).

This reappointment comes as Sankar's current term approaches its co...