Shirish Chandra Murmu: What is the role of RBI deputy governor? , Who is Shirish Chandra Murmu RBI Deputy Governor Role Responsibilites

Rbi new deputy governor: The Reserve Bank of India (RBI) has appointed Shirish Chandra Murmu as the new deputy governor. He will have a three -year term, which will start from 9 October 2025. He will replace Rajeshwar Rao, whose tenure as deputy governor is ending on 8 October. Rajeshwar Rao handled banking regulation and other important portfolio during his tenure. Now Murmu will be seen in this role.

Shirish Chandra Murmu is in which role and why his appointment is important?

Shirish Chandra Murmu is currently working as Executive Director in RBI. The post is one of the top four deputy governors of RBI. His appointment is seen as an important change in leadership in the central bank. RBI can get a lot of strength in their experience and way of working.

What work has Shirish Chandra Murmu done so far?

Murmu, as an executive director in the RBI, has taken over the senior level oversight and regulatory responsibilities. The Secretary Department worked as Governance, Inter-Departle Coordination and Regulatory Compliance. Apart from this, he has also contributed a lot in internal administration and policy rearing. His role is giving him experience in RBI’s operation and regulator matters, which is very important for becoming a deputy governor.

Responsibility of Deputy Governor of RBI

The Reserve Bank of India has a total of four deputy governors. Their work is very important. They implement monetary policy. Apart from this, banking supervision and regulation, monitoring of financial markets and other administrative and regulatory responsibilities are seen. Murmu’s correct portfolio is not yet announced, but it is expected that he will take over one or more responsibilities in these areas.

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