Vishwanathan assumes charge as new RBI Deputy Governor

 N S Vishwanathan has taken over as the deputy governor of the Reserve Bank of India (RBI). The Government of India had, on June 29, 2016 appointed him as the deputy governor for a period of three years from the date of his taking over charge of the post on or after July 4, 2016 or until further orders, whichever is earlier.

Vishwanathan was executive director of the RBI before being elevated to the post of deputy governor. Vishwanathan succeeds HR Khan who has superannuated.

 As deputy governor, Vishwanathan will look after department of banking regulation (DBR), department of co-operative banking regulation (DCBR), department of non-banking regulation (DNBR), deposit insurance and credit guarantee corporation (DICGC), financial stability unit (FSU), inspection department, risk monitoring department (RMD) and secretary’s department, the RBI said.

 Meanwhile, Sudarshan Sen has taken over as the new executive director at RBI. He will look after department of banking regulation, department of co-operative bank regulation and department of non-banking regulation. Sen was in charge of the department of banking regulation before taking over as executive director. He has also been regional director of Ahmedabad office of RBI, the central bank said.

 As far as the portfolios of the other deputy governors are concerned, Urjit R Patel will look after co-ordination, department of communication (DoC), department of economic policy and Research (DEPR), department of statistics and information management (including data and information management unit) (DSIM/DIMU) and financial market operations department (FMOD), among others.

 R Gandhi will look after department of external investments and operations (DEIO), department of government and bank accounts (DGBA), department of information technology (DIT) and department of payment and settlement systems (DPSS), among others.