Swaminathan J has taken charge as the Deputy Governor of Reserve Bank of India. He has been appointed to the post of Deputy Governor, Reserve Bank of India, for a period of three years from the date of joining the post or until further orders, whichever is earlier.

Swaminathan was the Managing Director (Corporate Banking and Subsidiaries) of the State Bank of India (SBI) before being appointed as Deputy Governor.

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 the Regulatory Compliance framework for SBI.

Earlier, as Deputy Managing Director – Finance, he handled Budgeting, Capital Planning, Financial Reporting, Investor Relations and Secretarial Compliance. As SBI’s Chief Digital Officer, Swaminathan oversaw Digital & Transaction Banking verticals of the Bank. As a CGM, Shri Swaminathan was the head of SBI’s Hyderabad Circle.

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