Shri Swaminathan Janakiraman, was appointed as the Deputy Governor of the Reserve Bank of India in June 2023 where his responsibilities include Supervision, Financial Inclusion and Development, Consumer Education and Protection.
Shri Swaminathan is a career banker from State Bank of India (SBI), which is India’s largest bank. In an illustrious career with SBI spanning over 34 years, Shri Swaminathan has held, both in India and...
Shri Swaminathan Janakiraman, was appointed as the Deputy Governor of the Reserve Bank of India in June 2023 where his responsibilities include Supervision, Financial Inclusion and Development, Consumer Education and Protection.
Shri Swaminathan is a career banker from State Bank of India (SBI), which is India’s largest bank. In an illustrious career with SBI spanning over 34 years, Shri Swaminathan has held, both in India and overseas, various assignments across Corporate and International Banking, Retail and Digital Banking, Finance and Assurance functions.
As Managing Director of SBI, Shri Swaminathan oversaw the large corporate and commercial credit business of the bank along with the Non-Banking Subsidiaries of SBI and Regional Rural Banks sponsored by SBI. In his immediately preceding assignment, Shri Swaminathan was in charge of the stressed assets management vertical, Risk management functions and Regulatory compliance. Apart from serving as SBI’s nominee on the Boards of various organisations, he also chaired the Advisory Group to the Regulations Review Authority (RRA 2.0) of the Reserve Bank of India (2021-22).
Previously, as Deputy Managing Director (Finance), Shri Swaminathan handled the Balance Sheet Management, Planning and Budgeting functions as well as Investor Relations. As SBI’s Chief Digital Officer, Shri Swaminathan oversaw Digital & Transaction Banking verticals of the Bank. Earlier, as a Chief General Manager, Shri Swaminathan headed a major Circle of SBI, taking care of the Retail Banking business. In this tenure, he was also the President of the State Level Bankers’ Committee and was responsible for spearheading the financial inclusion initiatives of the banking community.
Shri Swaminathan has an Executive MBA from the National Institute of Business Management. He is a Certified Associate of Indian Institute of Bankers (CAIIB), Certified Documentary Credit Specialist (CDCS) and Certified Anti-Money Laundering Specialist (CAMS).