RBI has appointed Shirish Chandra Murmu as Deputy Governor for a three-year term, marking a significant move in India’s central banking leadership.

His appointment is set to bring strategic experience and governance strength to the Reserve Bank of India.

Shirish Chandra Murmu, who previously served as the Comptroller and Auditor General (CAG) of India, is a seasoned bureaucrat with decades of experience in administration and financial oversight. His appointment as Deputy Governor reflects the government’s confidence in his leadership abilities and his potential contribution to India’s financial regulatory framework.

As Deputy Governor, Murmu will be responsible for supporting the RBI Governor in formulating policies, supervising banking operations, and ensuring financial stability in the country. With his rich administrative background, his presence is expected to add more depth to RBI’s decision-making process, particularly in areas of governance, auditing, and regulatory supervision.

This move comes at a crucial time when the Indian economy is navigating global financial challenges, inflationary pressures, and the evolving digital banking ecosystem. His expertise is likely to aid the central bank in strengthening transparency, accountability, and effective policy execution.

The appointment reinforces RBI’s commitment to building a strong leadership framework that can adapt to both domestic and international financial devel

opments.