International Conclave 2024

Shri M. Rajeshwar Rao took over as the Deputy Governor of Reserve Bank of India on October 9, 2020. He was Executive Director of the Reserve Bank prior to his elevation to the post of Deputy Governor.

As Deputy Governor, Shri Rao looks after Department of Regulation, Department of Communication, Enforcement Department, Legal Department and Risk Monitoring Department. He also represents RBI in various international organisations such as Financial Stability Board (FSB) and Network for Greening the Financial System (NGFS). Earlier, he was a member of the Markets Committee at Bank for International Settlements (BIS).

Shri Rao, a career central banker joined the Bank in 1984 and has worked in various positions in Reserve Bank of India. As Executive Director, he was looking after the Financial Markets Operation Department, the International Department, the Internal Debt Management Department and the Secretary’s Department in RBI.

Prior to taking over as the Executive Director, Shri Rajeshwar Rao was the Chief General Manager, Financial Markets Operation Department and had previously held charge of the Risk Monitoring Department. He has also worked as the Banking Ombudsman, New Delhi. He has also worked in central offices of Foreign Exchange Department and Department of Banking Regulation as well as in the Reserve Bank’s regional offices at Ahmedabad, Hyderabad, Chennai and New Delhi.

Shri Rajeshwar Rao has a Bachelor of Arts in Economics and a Master of Business Administration from University of Cochin. He is also a Certificated Associate of Indian Institute of Bankers.