BANKING AFFAIRS

Detailed explanation-1: -Besides the governor, the RBI has four deputy governors. The three other deputy governors of the bank are M K Jain, M Rajeshwar Rao and T Rabi Sankar.

Detailed explanation-2: -Dr Urjit R. Patel served as the 24th governor of the Reserve Bank of India (RBI) between September 2016 and December 2018. Born on October 28, 1963, Patel’s tenure had seen the demonetisation, among other things.

Detailed explanation-3: -Rabi Sankar, who holds an M Phil (Master of Philosophy) in economics from the Jawaharlal Nehru University, was appointed Deputy Governor of the Reserve Bank of India in May 2021. Sankar was Executive Director of the Reserve Bank before being elevated to the post of Deputy Governor.