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In the fiscal year 2023-24, UPI transactions in India recorded an impressive 57% increase in volume and a 44% increase in value compared to the previous fiscal year 2022-23.
T Rabi Sankar's term as RBI Deputy Governor extended for a year from May 3, 2024. With a background in economics, he has been involved in developing government bond markets and debt management, in addition to overseeing key departments at RBI.
India extends RBI deputy Sankar's tenure by a year, government order shows
The Indian government has extended the term of RBI Deputy Governor T Rabi Sankar for one year, effective May 3, 2024. Sankar, who joined the Reserve Bank in 1990, has worked in various positions at the central bank, including Executive Director of the Reserve Bank and IMF Consultant. He has also served as Chairman of Indian Financial Technology and Allied Services (IFTAS), member of ReBIT Board of Directors, and IDRBT Governing Council.
Singapore’s Deputy Prime Minister and Minister for Finance Lawrence Wong attended the two-day gathering. Read more at straitstimes.com.