The Indian government has approved a second one-year extension for RBI Deputy Governor T Rabi Sankar, extending his tenure until May 2026. The decision was made by the Appointments Committee of the Cabinet, headed by Prime Minister Narendra Modi, with the reappointment set to take effect from May 3, 2025. Sankar, who assumed the position in May 2021, brings a wealth of experience to the role, having previously overseen crucial departments and served as an IMF Consultant. This extension underscores the government’s confidence in Sankar’s abilities and his contributions to the Reserve Bank of India.