Appointments★ Must Know

Centre Re-appoints Swaminathan Janakiraman as RBI Deputy Governor for Two Years

By TestNeeti Editorial TeamPublished Sunday, 5 July 2026 2 min readSource: thenewsmill.comArticle 4 of 17

The Central Government has re-appointed Swaminathan Janakiraman as a Deputy Governor of the Reserve Bank of India (RBI) for a two-year term beginning on June 26, according to an official statement from the RBI. Janakiraman first assumed the post on June 20, 2023, when he was appointed for a three-year period or until further orders, as notified by the Department of Personnel and Training (DoPT). He had succeeded MK Jain, who retired on June 21, 2023. With this extension, Janakiraman continues among the four Deputy Governors the RBI currently has, sustaining continuity in the central bank's senior leadership team.

Key Facts & Details

8 points

1
The Central Government has re-appointed Swaminathan Janakiraman as Deputy Governor of the RBI for a two-year term starting June 26.
2
The re-appointment was confirmed through an official statement from the RBI.
3
Janakiraman first took charge as Deputy Governor on June 20, 2023, for a three-year period or until further orders, per the DoPT.
4
He had succeeded MK Jain, who retired on June 21, 2023.
5
The RBI currently has four Deputy Governors, including Swaminathan Janakiraman.

Deep Dive

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The two-year horizon, rather than a fresh three-year term, points to a continuity appointment at the top of the central bank.
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The Central Government, through the DoPT, is the appointing authority for RBI Deputy Governors, underlining the executive's role in central-bank leadership.
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His original 2023 appointment had filled the vacancy created by MK Jain's retirement, and this extension keeps that portfolio stable.

Exam Focus

Who was re-appointed as RBI Deputy Governor for a two-year term from June 26, and whom did he originally succeed?

Exam Relevance & Angle

RBI Deputy Governor appointments are a recurring banking-awareness staple, and aspirants must track who holds the post, the tenure and the predecessor. Janakiraman's two-year re-appointment from June 26 and his 2023 succession of MK Jain are exactly the factual hooks that exams convert into questions.

Target Exams

SBI POSBI ClerkIBPS POIBPS ClerkIBPS RRB OfficerIBPS RRB AssistantRBI Grade BRBI AssistantNABARD Grade ASSC CGLRRB NTPCLIC AAONIACL AOUPSC CSEState PCS

Background & Context

The Reserve Bank of India, established in 1935, is India's central bank and monetary authority. It is headed by a Governor and supported by up to four Deputy Governors, who are appointed by the Central Government for fixed terms and who oversee key portfolios such as monetary policy, banking regulation, supervision and currency management. Deputy Governors are typically drawn from career central bankers, commercial-bank executives and economists. Their appointment and re-appointment is routed through the Department of Personnel and Training, making these senior postings a regular exercise of government authority over the central bank's top structure.