RBI Rejigs Portfolios of Deputy Governors; Poonam Gupta to Oversee Monetary Policy Department

The Reserve Bank of India (RBI) has reallocated responsibilities among its 4 deputy governors, appointing Shirish Chandra Murmu as the new deputy governor following M. Rajeshwar Rao's retirement. The redistribution impacts critical departments, including monetary policy, IT, and financial supervision.

Deputy Governors Take Charge of Key RBI Departments

On October 9, 2025, the RBI issued a statement announcing the portfolio reshuffle among its 4 deputy governors. Shirish Chandra Murmu, who stepped in following Rao’s retirement, now heads major departments such as communication, regulation, government and bank accounts, and enforcement. His new responsibilities place him at the core of RBI’s regulatory affairs and public engagement strategy.

Poonam Gupta Entrusted with Monetary Policy Oversight

Poonam Gupta has taken charge of the Monetary Policy Department, a vital unit that influences India's interest rate framework and inflation control. In addition, she will oversee 5 other departments, including financial stability and the department of economic and policy research, further strengthening her role in shaping macroeconomic policy.

T Rabi Sankar To Manage 12 Domains Including IT and FX

T Rabi Sankar now holds charge of 12 departments. These include currency management, fintech, information technology, foreign exchange, and payment and settlement systems. With this diverse portfolio, Sankar’s responsibilities span both traditional and emerging technology-driven areas within RBI’s functioning.

Read More: RBI Governor Highlights Rising Digital Frauds, Urges Fintech Sector to Prioritise User-Friendly Solutions!

Swaminathan Janakiraman Leads Supervision and Inclusion

Swaminathan Janakiraman has been tasked with overseeing 10 departments. These include inspection, supervision, and financial inclusion and development. His role will be crucial in monitoring financial institutions and expanding access to banking services across India.

Conclusion

The latest reshuffle by the RBI realigns strategic leadership across its 32 departments. With Murmu joining the leadership, and Gupta, Sankar, and Janakiraman handling specialised areas, the reallocation reflects RBI’s focus on robust governance, financial inclusion, and digital innovation.

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