RBI Reassigns Portfolios among Deputy Governors Following New Appointment

Moneylife Digital Team 05 May 2026

Investor Interest

Reserve Bank of India (RBI) has announced a redistribution of portfolios among its deputy governors following the appointment of Rohit Jain, who assumed charge on 4 May 2026.

The reshuffle, notified through a press release, reallocates key departments across the four deputy governors, reflecting the central bank’s internal functional alignment across supervision, monetary policy, regulation and financial markets.

Swaminathan Janakiraman, the senior-most deputy governor, will oversee a wide range of administrative, supervisory and consumer-facing functions. His responsibilities include the department of supervision, financial inclusion and development department, inspection department, consumer education and protection department and the legal department, among others. He will also be responsible for overall coordination among deputy governors.

Dr Poonam Gupta will continue to handle core policy and research functions, including the monetary policy department, financial stability department, department of economic and policy research, and the department of statistics and information management. Her portfolio also includes international engagement and financial markets operations.

Shirish Chandra Murmu has been assigned regulatory and operational areas such as the department of regulation, enforcement department, department of payment and settlement systems, currency management and communication.

The newly-appointed deputy governor, Mr Jain, has been given charge of several critical and evolving functions. These include the department of information technology, fin-tech department, foreign exchange department, internal debt management department and financial markets regulation department, along with corporate strategy and government accounts.

The allocation places key technology, market regulation and external sector responsibilities under the new appointee, at a time when digital finance, capital flows and debt management remain important areas of focus for the central bank.

Such portfolio realignments are typically undertaken following senior-level appointments and are indicative of how responsibilities are distributed across the RBI’s leadership to address emerging regulatory and operational priorities.

The revised allocation has come into effect immediately.

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