<p>New Delhi: The government has extended the term of RBI Deputy Governor M Rajeshwar Rao for a period of one year, according to sources.</p>.<p>The Appointments Committee of the Cabinet (ACC) has approved the re-appointment of Rao for a period of one year with effect from October 9, 2024 or until further orders, sources said quoting a government order dated October 4.</p>.<p>The ACC is headed by Prime Minister Narendra Modi.</p>.<p>Rao was appointed as RBI Deputy Governor in October 2020 for a period of three years.</p>.Amazon may cut 14,000 managerial posts by early 2025 for annual cost savings: Report.<p>Rao was elevated as RBI executive director in November 2016.</p>.<p>An economics graduate and a Master of Business Administration from the University of Cochin, Rao joined the central bank in 1984.</p>.<p>As a career central banker, he has exposure to various aspects of the RBI's functioning. He has previously held the charge of the Risk Monitoring Department. </p>
<p>New Delhi: The government has extended the term of RBI Deputy Governor M Rajeshwar Rao for a period of one year, according to sources.</p>.<p>The Appointments Committee of the Cabinet (ACC) has approved the re-appointment of Rao for a period of one year with effect from October 9, 2024 or until further orders, sources said quoting a government order dated October 4.</p>.<p>The ACC is headed by Prime Minister Narendra Modi.</p>.<p>Rao was appointed as RBI Deputy Governor in October 2020 for a period of three years.</p>.Amazon may cut 14,000 managerial posts by early 2025 for annual cost savings: Report.<p>Rao was elevated as RBI executive director in November 2016.</p>.<p>An economics graduate and a Master of Business Administration from the University of Cochin, Rao joined the central bank in 1984.</p>.<p>As a career central banker, he has exposure to various aspects of the RBI's functioning. He has previously held the charge of the Risk Monitoring Department. </p>