The Indian government has approved a second one-year extension for RBI Deputy Governor T Rabi Sankar, extending his term until May 2026. The reappointment, sanctioned by the Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi, will come into effect from May 3, 2025. Sankar, who was first appointed in May 2021, has extensive experience overseeing crucial departments within the RBI and has previously worked as an IMF Consultant. This decision to extend his tenure highlights the government’s confidence in his leadership and expertise in managing India’s financial landscape.