<p>New Delhi: The Reserve Bank has rejigged portfolios of its deputy governors, as the extended term of Deputy Governor Michael Debabrata Patra ended on Tuesday.</p>.<p>The key monetary policy department under Michael Debabrata Patra has gone to senior most Deputy Governor M Rajeshwar Rao, the RBI said in a statement.</p>.<p>The government, last year, extended Patra's term by one year till January 14, 2025.</p>.<p>Besides, Rao has been assigned to the Department of Economic and Policy Research, Department of Statistics and Information Management and International Department.</p>.<p>The central bank has reshuffled its 33 departments among the three deputy governors -- Rao, T Rabi Sankar and Swaminathan Janakiraman.</p>.RBI to judiciously handle forex reserves amid headwinds: Report.<p>With the rejig, Rabi Sankar will look after 13 departments, including Currency Management, Information Technology, Financial Markets Operations and Financial Markets Regulation.</p>.<p>As per the statement, Swaminathan Janakiraman will look after nine departments, including Supervision and Deposit Insurance and Credit Guarantee Corporation.</p>.<p>Meanwhile, the government has initiated the selection process for the new Deputy Governor.</p>.<p>The selection is done by the Financial Sector Regulatory Appointments Search Committee (FSRASC), headed by the Cabinet Secretary.</p>.<p>The other members of the committee include the Secretary, Department of Financial Services, the RBI Governor and three outside experts.</p>.<p>The central bank has four deputy governors, an economist to oversee the monetary policy department, one commercial banker, and two from within the ranks.</p>
<p>New Delhi: The Reserve Bank has rejigged portfolios of its deputy governors, as the extended term of Deputy Governor Michael Debabrata Patra ended on Tuesday.</p>.<p>The key monetary policy department under Michael Debabrata Patra has gone to senior most Deputy Governor M Rajeshwar Rao, the RBI said in a statement.</p>.<p>The government, last year, extended Patra's term by one year till January 14, 2025.</p>.<p>Besides, Rao has been assigned to the Department of Economic and Policy Research, Department of Statistics and Information Management and International Department.</p>.<p>The central bank has reshuffled its 33 departments among the three deputy governors -- Rao, T Rabi Sankar and Swaminathan Janakiraman.</p>.RBI to judiciously handle forex reserves amid headwinds: Report.<p>With the rejig, Rabi Sankar will look after 13 departments, including Currency Management, Information Technology, Financial Markets Operations and Financial Markets Regulation.</p>.<p>As per the statement, Swaminathan Janakiraman will look after nine departments, including Supervision and Deposit Insurance and Credit Guarantee Corporation.</p>.<p>Meanwhile, the government has initiated the selection process for the new Deputy Governor.</p>.<p>The selection is done by the Financial Sector Regulatory Appointments Search Committee (FSRASC), headed by the Cabinet Secretary.</p>.<p>The other members of the committee include the Secretary, Department of Financial Services, the RBI Governor and three outside experts.</p>.<p>The central bank has four deputy governors, an economist to oversee the monetary policy department, one commercial banker, and two from within the ranks.</p>