Vishwanathan appointed RBI deputy governor

NEW DELHI: NS Vishwanathan has been appointed as deputy governor of the Reserve Bank of India, replacing HR Khan, who will retire next week. Vishwanathan, currently

NEW DELHI: NS Vishwanathan has been appointed as deputy governor of the Reserve Bank of India, replacing HR Khan, who will retire next week. Vishwanathan, currently executive director at the central bank, was chosen by a search committee headed by the cabinet secretary, the first appointment to be done through this panel. The Appointments Committee of Cabinet, headed by Prime Minister Narendra Modi, has approved of Vishwanathan’s appointment, an official source said. A formal order of his appointment will be issued soon, he added. When contacted, Vishwanathan said he has not got any formal appointment letter yet and has only heard of the news through media. Khan is in-charge of financial markets, internal debt management departments and foreign management, among others, at the central bank. The central bank has four deputy governors - two from within the ranks (the other being R Gandhi) and one commercial banker (S S Mundra) and an economist to head the monetary policy department (Urjit Patel).

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