Rao as one of the Reserve Bank of India's deputy governors, according to RBI Appeals To Supreme Court To Allow Banks To Classify Bad. The Appointments Committee of the Cabinet has approved the appointment of M. Rajeshwar Rao, Executive Director, Reserve Bank of India to. An Indian Administrative Service officer can also be appointed as deputy governor of RBI and later as the governor of RBI as with the case of Y. Venugopal Reddy.
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