The Government of India appointed Shirish Chandra Murmu as the new Deputy Governor of the Reserve Bank of India. The appointment is effective from 9 October 2025, and he succeeds M. Rajeshwar Rao. The appointment is for a 3-year term. For exam preparation, this update links Indian Economy with governance because RBI leadership is connected with banking regulation, financial markets, currency management and payment systems.
Shirish Chandra Murmu joined RBI in 1991. His experience spans banking regulation, financial markets, currency management and information technology. RBI's official list shows his Deputy Governor tenure from 09.10.2025 onwards. This makes the update useful for prelims-style questions on the person, post, effective date, predecessor and tenure.
RBI's official departmental list records Shirish Chandra Murmu's portfolio as the Department of Communication, Department of Currency Management, Department of Payment and Settlement Systems, Department of Regulation and Enforcement Department. The appointment is therefore not only a personality-based current-affairs fact; it is also connected with financial regulation and central-bank administration. Payment and settlement systems, currency management and regulation are important institutional themes in banking awareness.
For RAS and UPSC-style preparation, the static-GK linkage is RBI, central banking, financial regulation, government appointments and economic administration. In mains-style short answers, this can be used as an example of a leadership change in a key economic institution. The key facts are: name, post, effective date, predecessor, 3-year tenure, RBI background since 1991 and major portfolio areas.