30 Sept 2025
Shirish Chandra Murmu has been appointed as the new Deputy Governor of the RBI for a three-year term starting October 9, 2025, succeeding Rajeshwar Rao.
Shirish Chandra Murmu has been appointed as the new Deputy Governor of the Reserve Bank of India (RBI) for a three-year term, effective from October 9, 2025. He will succeed M. Rajeshwar Rao, whose extended service ends on October 8, 2025.
Key Details about Shirish Chandra Murmu's Appointment:
Term: Three years from October 9, 2025, or until further orders, whichever is earlier
Current Role: Executive Director at RBI, overseeing the Department of Supervision
Background: Murmu has extensive experience in the RBI and has previously served as the Governor of RBI from 2016 to 2018, succeeding Raghuram Rajan.