New RBI Deputy Governor Rohit Jain Gets Technology and Markets Brief as Central Bank Realigns Portfolios

The Reserve Bank of India has completed a detailed reallocation of responsibilities among its four Deputy Governors following the recent induction of Rohit Jain, ensuring that the institution's regulatory, policy, financial markets, and technology functions are distributed coherently across its senior leadership structure. As the senior-most Deputy Governor, Swaminathan Janakiraman has been entrusted with the broadest mandate — spanning the Department of Supervision, Legal Department, Human Resource Management, Deposit Insurance and Credit Guarantee Corporation (DICGC), Financial Inclusion and Development, the Premises Department, and the Consumer Education and Protection function. He will also coordinate among all four Deputy Governors. Dr. Poonam Gupta has been assigned the RBI's core macroeconomic and research responsibilities, covering the Departments of Economic and Policy Research, Statistics and Information Management, Financial Stability, International affairs, Monetary Policy, and Financial Markets Operations — placing her at the centre of India's monetary policy deliberations and global financial engagement. Shirish Chandra Murmu takes charge of regulatory, currency, and payment systems portfolios — spanning the Department of Regulation, the Department of Currency Management, Payment and Settlement Systems, Enforcement, and the Department of Communication. Newly appointed Rohit Jain, meanwhile, has been given an expansive set of technology and markets-facing responsibilities: the Departments of Information Technology, External Investments and Operations, Government and Bank Accounts, Internal Debt Management, Financial Markets Regulation, Foreign Exchange, Fintech, Risk Monitoring, Corporate Strategy and Budget, and Rajbhasha. The reallocation reflects the RBI's growing institutional emphasis on digital finance, fintech oversight, and external asset management.