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Who has been appointed (20th Jan 2023) as the Deputy Governor of RBI?
A)
Shanti Lal Jain
B)
A. Manimekhalai
C)
Satyanarayana Raju
D)
Swaminathan Janakiraman

Correct Answer :   Swaminathan Janakiraman


The Appointments Committee of the Cabinet (ACC) on Tuesday(20th June 2023) approved the appointment of State Bank of India’s (SBI) Managing Director Swaminathan Janakiraman to the post of Deputy Governor (DG) of the Reserve Bank of lndia (RBI) for a period of three years.

He will succeed M K Jain, who will retire on June 21, 2023.

* At SBI, Swaminathan is in charge of corporate banking and subsidiaries. He has vast experience in the areas of retail and international banking, trade finance, digital banking and transaction banking products.

* Apart from Jain, the three Deputy Governors of the RBI at present are – Michael D Patra, M Rajeshwar Rao and T Rabi Sankar.

Who is Swaminathan Janakiraman?

* Swaminathan Janakiraman currently holds the position of Managing Director at the State Bank of India (SBI), where he oversees the Corporate Banking and Subsidiaries division.

* Previously, he was responsible for the bank’s Assurance functions, which included Risk Management, Regulatory Compliance, and Stressed Assets verticals.

* According to his LinkedIn profile, Janakiraman is a seasoned banker with expertise in various areas such as Retail and Corporate Banking, International Banking, Trade Finance, Correspondent Banking & FI products, Digital Banking, and Transaction Banking products.

* Janakiraman has also served as a nominee director of SBI on the boards of Yes Bank, Jio Payments Bank, and NPCI. Furthermore, he has represented SBI as a director in Bank of Bhutan, a joint venture of SBI.

* He has played a crucial role in the Finance function of SBI, overseeing budgeting and performance monitoring, Capital Planning, and Investor Relations. Additionally, he has been involved in the bank’s Digital Transformation journey as the Head of the Digital Banking vertical..

Source : Indian Express

Published On : June 21, 2023
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