Swaminathan Janakiraman took charge as the Deputy Governor of Reserve Bank of India on Monday. The Government of India has appointed him to the post for a period of three years. Prior to this, Swaminathan served as the Managing Director (Corporate Banking and Subsidiaries) at the State Bank of India (SBI).
As Deputy Governor, Swaminathan will look after the Consumer Education and Protection Department, Department of Supervision, Financial Inclusion and Development Department, Inspection Department, Premises Department and Rajbhasha Department.
In a career with SBI spanning over 34 years, Swaminathan has held various assignments across corporate and international banking, retail and digital banking, finance and assurance functions. As MD (Corporate Banking and Subsidiaries), he oversaw the large corporate and commercial credit business of the bank along with the non-banking subsidiaries of SBI and RRBs.
Prior to this, as MD (Risk, Compliance and Stressed Asset Resolution Group), he was looking after the risk management functions as well as regulatory compliance framework for SBI. As SBI’s Chief Digital Officer, Swaminathan oversaw digital and transaction banking verticals of the bank. As SBI’s nominee, Swaminathan was a Director on the Boards of Yes Bank, NPCI, NPCI International, Jio Payments Bank and on the Board of non-banking subsidiaries of SBI.
Swaminathan has an Executive MBA from National Institute of Business Management, Chennai. He is a Certified Associate of Indian Institute of Bankers (CAIIB), Certified Documentary Credit Specialist (CSCS) and Certified Anti-Money Laundering Specialist (CAMS).
