The ACC is headed by Prime Minister Narendra Modi.
Rao was appointed as RBI Deputy Governor in October 2020 for a period of three years.
Rao was elevated as RBI executive director in November 2016.
An economics graduate and a Master of Business Administration from the University of Cochin, Rao joined the central bank in 1984.
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As a career central banker, he has exposure to various aspects of the RBI’s functioning. He has previously held the charge of the Risk Monitoring Department.
