The Government of India appointed Shirish Chandra Murmu as the new Deputy Governor of the Reserve Bank of India, effective 9 October 2025. He succeeds M. Rajeshwar Rao, and the appointment is for a three-year term. Murmu joined the RBI in 1991 and has worked across banking regulation, financial markets, currency management, and information technology.
For exam preparation, a Deputy Governor-level appointment at the RBI helps students revise financial regulation, monetary administration, institutional leadership in a major financial regulator, and the Central Government's role in such appointments. It is not only a personality-based current-affairs fact. The areas associated with Murmu's RBI experience are useful static-GK hooks: banking regulation, financial markets, currency management, and information technology.
For RAS and UPSC-style prelims, the most likely recall points are the name of the appointee, the effective date, the predecessor, the tenure, and the broad RBI work areas linked with the officer. For mains-oriented notes, the update can be used as a compact example of economic governance and institutional continuity. The core facts are: Shirish Chandra Murmu was appointed RBI Deputy Governor from 9 October 2025, succeeding M. Rajeshwar Rao, for a three-year term.