Along with the sharp decline in poverty in India, there has also been a marked reduction in the rural-urban income divide in the country, according to an SBI Research analysis of a Consumer Expenditure Survey released on Tuesday.
Swaminathan Janakiraman, Managing Director at State Bank of India, has been appointed Deputy Governor (DG) of the Reserve Bank of India.
The appointment is for a period of three years from the date of joining the post or until further orders, whichever is earlier, the Department of Personnel and Training said in a notification on Tuesday. The appointment was cleared by the Appointments Committee of Cabinet. The other three RBI deputy governors are T. Rabi Sankar, M. Rajeshwar Rao, MD Patra. Janakiraman will replace MK Jain who will retire on June 21.