RBI Governor reallocates DGs portfolios

RBI Governor reallocates DGs portfolios
RBI Governor Urjit Patel has reallocated portfolios of Deputy Governors following assumption of charge by Viral V Acharya. Apart from Monetary Policy Department, Acharya will look after Economic Policy and Research, Corporate Strategy and Budget and Financial Markets Operations Department, RBI said in a statement on Monday.

Acharya, a professor of Economics in the Department of Finance at the New York University (NYU) was appointed as Deputy Governor last month. Senior-most deputy governor R Gandhi was looking after the monetary policy department, financial market operations department and department of economic policy and research following elevation of Patel as Governor.

Deputy Governor S S Mundra has been given charge of the Consumer Education and Protection and HR Department while N S Vishwanathan will look after the department of banking regulation and department of communication. An alumnus of IIT, Mumbai, Acharya was with London Business School and the Academic Director of the Coller Institute of Private Equity at LBS.

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