RBI announces new portfolio distribution among deputy governors

The Reserve Bank of India (RBI) on Thursday announced the fresh allocation of portfolios among its deputy governors following the appointment of Shirish Chandra Murmu.

Murmu, who will take charge as Deputy Governor, will oversee the Department of Communications, Department of Government and Bank Accounts, Department of Regulation and Enforcement Department, the central bank said in a statement.

Deputy Governor T. Rabi Shankar will continue to handle key market and technology-related functions including the Department of Payment and Settlement Systems, Department of Fintech, Department of Foreign Exchange and Department of Internal Debt Management. He will also oversee the Department of Currency Management and Information Technology.

Swaminathan Janakiraman will head supervisory and consumer-facing functions such as the Department of Banking Regulation, Department of Consumer Education and Protection and Deposit Insurance and Credit Guarantee Corporation. His responsibilities also include the legal department and human resource management department.

Deputy Governor Poonam Gupta will be in charge of the research and policy wing including the Department of Economic and Policy Research, Department of Monetary Policy and Department of Financial Stability.

RBI said the reallocation will be effective from October 9, 2025.