On Tuesday, Committee of the Cabinet has appointed N.S. Vishwanathan as the new Deputy Governor of the Reserve Bank of India.
The Appointments Committee of the Cabinet (ACC) made the announcement on 28th June, 2016.
RBI has for four Deputy Governors, two of whom are appointed from: an economist and a commercial banker. The other two Deputy Governors are appointed from within the RBI’s ranks.
Present Deputy Governor Harun R Khan is going to retire on 3rd July, 2016 as he has turned 62. HR Khan had a five-year term as the RBI deputy governor. He undertook the management of the following financial and economic aspects:
Financial markets and infrastructure external investments and operations
Payment and settlements
Internal debt management
Vishwanathan, also served as the Director of Punjab National Bank from September 6, 2012 to May 31, 2013 and have also been Nominee Director at Dena Bank.
Vishwanathan is currently working as an executive director at the RBI and managing the banking regulation and non-banking department. He has also served as Chief General Manager of Vigilance at IFCI Ltd, a Delhi-based government owned finance company.
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