According to a Reuters report, Swaminathan Janakiraman has been appointed as a deputy governor of the Reserve Bank of India for a three-year term starting from his joining date. The government made this appointment, as stated in an official order

Currently serving as the managing director of the State Bank of India, Janakiraman will take over from Mahesh Kumar Jain, whose term as deputy governor concludes on June 22. Jain, who initially assumed the position in June 2018 for a three-year tenure, was later reappointed in June 2021 for an additional two years.

Who Is Swaminathan Janakiraman, the New Deputy Governor of the Reserve Bank of India?

Meet Swaminathan Janakiraman, the newly appointed Deputy Governor of the Reserve Bank of India (RBI). Janakiraman holds a Bachelor of Commerce degree in Corporate Accounting & Banking from the University of Madras. He has also completed the Certified Associate of Indian Institute of Banking in Banking & Economics from the Indian Institute of Banking and Finance in Mumbai, India.

Previously serving as the Managing Director of the State Bank of India, Janakiraman has now assumed the role of Deputy Governor at RBI for a tenure of three years starting from his joining date. The Indian government has approved his appointment as the successor to Mahesh Kumar Jain, whose tenure concludes on June 22.

Mahesh Kumar Jain was appointed as Deputy Governor in June 2018 for a three-year term and was subsequently re-appointed for an additional two years in June 2021. Jain has been responsible for overseeing various departments, including supervision, financial inclusion and development, and consumer education and protection, as stated in the report.