Mr T Rabi Sankar

Shri T. Rabi Sankar has joined the Reserve Bank of India in 1990 and has worked in various capacities until he assumed the Office of Deputy Governor in May 2021.
His current areas of responsibility in Reserve Bank of India include public debt management, forex reserves management, payment systems, IT infrastructure, currency management and foreign exchange management.
He is also the Chairman of the Reserve Bank's currency notes printing Press.
He has extensive experience in the area of public debt management. In the early 2000s, he played a key role in creating the regulatory framework for government securities market in India.
He was instrumental in setting up Reserve Bank of India's screen based anonymous Negotiated Dealing System (NDS) in Government Securities with guaranteed settlement through a central counterparty.
He played a key role in rolling out of a web-based system called "Retail Direct" enabling Indians to directly buy and sell Indian government bonds.
He also worked in the Indian Government and helped in setting up government's public debt management unit inside the Ministry of Finance.
He had advised the Government of Bangladesh regarding their government securities market and served as an IMF Consultant (2005-11) on developing Government bond markets and debt management.
As Deputy Governor In-Charge of Payment Systems, he has oversight of the well- known Unified Payment Interface (UPI) and other digital payment systems.

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