The Centre has reappointed M. Rajeshwar Rao as Deputy Governor of Reserve Bank of India for a period of one year begining from 9th of next month, or until further orders, whichever is earlier. The RBI said this in a press release issued from Mumbai today. Mr. Rao handles the departments of Regulation, Communication, Enforcement, Legal and Risk Monitoring.

An economics graduate and a Master of Business Administration from the University of Cochin, Mr. Rao joined the central bank in 1984. He has also worked as the Banking Ombudsman in New Delhi and in the Reserve Bank's regional offices in Ahmedabad, Hyderabad, Chennai and the national capital.