T Rabi Sankar has been appointed as the deputy governor, post which the Reserve Bank of India (RBI) shuffled the portfolios of the deputy governors. Rabi succeeded BP Kanungo, who retired on April 2 after getting a year extension in his position.

Rabi has been allotted portfolios such as the department of currency management, external investments and operations, information technology, government and bank accounts, payment and settlement systems, foreign exchange department, internal debt management, and right to information division.

Previously, Rabi was in charge of the payments system, fintech, information technology, and risk management. As a part of the reallocation, MK Jain would now be in charge of central security cell, department of supervision, consumer education, financial inclusion and development, human resource.

Likewise, Michael Debabrata Patra would lead the portfolios such as department of economy and policy research, deposit insurance and credit Guarantee Corporation, financial markets operation, department of statistics and information management, financial markets regulations, international department, and financial stability unit, monetary policy department. Similarly, M Rajeshwar Rao would now manage regulation, enforcement, communication, legal, inspection, and risk monitoring department.