The government has granted RBI Deputy Governor T Rabi Sankar a second one-year extension, prolonging his term until May 2026. The Appointments Committee of the Cabinet, led by Prime Minister Narendra Modi, approved the reappointment effective May 3, 2025. Sankar, initially appointed in May 2021, previously oversaw key departments and has a background as an IMF Consultant. Post navigation Sustaining India’s growth requires bold reforms, Budgets have laid groundwork for this transformation: FM Sitharaman Watch viral video: Gold ATM in China melts gold for cash in just 30 minutes, netizens intrigued