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M. Rajeshwar Rao re-appointed as RBI Deputy Governor

M. Rajeshwar Rao re-appointed as RBI Deputy Governor

Dear Aspirants, EducationBro is here with a Daily Current Affairs Dose. In this session, we will make the candidates aware of the daily current affairs topics, which will improve their general awareness, while also taking care that the candidates should not have any shortage of trending current affairs related to any country and abroad. Today’s Current Affairs topic is M. Rajeshwar Rao re-appointed as RBI Deputy Governor.

Our Daily Current Affairs Dose 2023 will help you to crack the General Awareness section of Banking Insurance SSC Railway UPSC and all government jobs exams.

M. Rajeshwar Rao re-appointed as RBI Deputy Governor

The Central Government of India (GoI) has re-appointed M. Rajeshwar Rao as Deputy Governor, Reserve Bank of India (RBI) for a period of one year with effect from October 09, 2023, or until further orders, whichever is earlier. 

Prior to taking over as the Deputy Governor Rajeshwar Rao was serving as Executive Director. Rao was appointed deputy governor of the central bank in October 2020 for a term of three years.

The re-appointment of Rajeshwar Rao as Deputy Governor of RBI has been approved by the Appointments Committee of the Cabinet.

About M. Rajeshwar Rao RBI Deputy Governor

Who is M Rajeshwar Rao: Rajeshwar Rao has a Bachelor of Arts in Economics and a Master of Business Administration from University of Cochin. He is also a Certificated Associate of Indian Institute of Bankers.

Read Also: RBI appoints Neeraj Nigam as new Executive Director

Rajeshwar Rao joined the Reserve Bank in 1984 and as a career central banker has exposure in various aspects of central bank functioning. He has previously held charge of the Risk Monitoring Department. 

M. Rajeshwar has also worked as the Banking Ombudsman, New Delhi and in the Reserve Bank’s regional offices at Ahmedabad, Hyderabad, Chennai and New Delhi.

Read Also: RBI appoints Ajay Kumar Choudhary as new Executive Director | Daily Current Affairs Dose

Important facts for upcoming exams from the above Current Affairs Topic

  • Establishment of RBI: 1 April 1935
  • Headquarters of RBI: Mumbai, Maharashtra, India
  • Governor of RBI: Shaktikanta Das
  • Deputy Governor of RBI: Swaminathan J, M. D. Patra, M. Rajeshwar Rao and T. Rabi Sankar
  • Ownership of RBI: Ministry of Finance , Government of India

Current Policy Rates

  • Policy Repo Rate: 6.50%
  • Reverse Repo Rate: 3.35%
  • Marginal Standing Facility Rate: 6.75%
  • Bank Rate: 6.75%

Current Reserve Ratio

  • CRR: 4.50%
  • SLR: 18.00%

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