By THE NEWSMAN OF INDIA.COM| The Reserve Bank of India has reallocated portfolios among its Deputy Governors following the appointment of Rohit Jain. Responsibilities are distributed across supervision, policy, currency, and technology domains, aiming to enhance coordination, strengthen financial stability, and improve regulatory efficiency across India’s banking system.

Swaminathan Janakiraman

As the senior-most Deputy Governor, Swaminathan Janakiraman has been entrusted with a wide range of internal governance, supervision, and consumer-centric functions. His portfolios include:

– Central Security Cell
– Consumer Education and Protection Department
– Department of Supervision
– Deposit Insurance and Credit Guarantee Corporation (DICGC)
– Financial Inclusion and Development Department
– Human Resource Management Department
– Inspection Department
– Legal Department
– Premises Department
– Right to Information (RIA) Division
– Secretary’s Department

He will also oversee coordination among all Deputy Governors, reinforcing institutional cohesion and regulatory effectiveness.

Dr. Poonam Gupta

Dr. Poonam Gupta has been assigned the core policy, research, and macroeconomic functions of the RBI. Her departments include:

– Department of Economic and Policy Research
– Department of Statistics and Information Management
– Financial Markets Operations Department
– Financial Stability Department
– International Department
– Monetary Policy Department

Her role places her at the center of economic analysis, monetary policymaking, financial stability assessment, and global financial engagement.

Shirish Chandra Murmu

Shirish Chandra Murmu will handle critical operational, regulatory, and communication-related functions. His portfolios include:

– Department of Communication
– Department of Currency Management
– Department of Payment and Settlement Systems
– Department of Regulation
– Enforcement Department

He will play a key role in managing currency circulation, strengthening regulatory compliance, overseeing payment systems, and enhancing RBI’s public communication framework.

Rohit Jain

Newly appointed Deputy Governor Rohit Jain has been given charge of several strategic and technology-driven departments, along with financial market operations. His responsibilities include:

– Corporate Strategy and Budget Department
– Department of External Investments and Operations
– Department of Government and Bank Accounts
– Department of Information Technology
– Fintech Department
– Financial Markets Regulation Department
– Foreign Exchange Department
– Internal Debt Management Department
– Rajbhasha Department
– Risk Monitoring Department

His portfolio reflects RBI’s increasing focus on financial markets regulation, digital innovation, risk oversight, and external asset management.

Overall Significance

This detailed redistribution of portfolios ensures a balanced division of responsibilities across supervision, policymaking, currency management, financial markets, and technology. The move is aimed at enhancing efficiency, strengthening regulatory oversight, and aligning RBI’s institutional structure with evolving financial sector challenges.