 "Vishwanathan takes charge as new deputy governor RBI")
The Reserve Bank of India (RBI) on Monday said N S Vishwanathan has assumed charge as the new deputy governor of the central bank, succeeding H R Khan. Vishwanathan’s appointment is for three years, effective 4 July, 2016. Vishwanathan joined the Reserve Bank of India in 1981.
His areas of expertise include regulation and supervision of banks, non-banking finance companies and cooperative banks, currency management, foreign exchange and human resources management.
Vishwanathan will be in charge of Department of Banking Regulation, Department of Co-operative Banking Regulation, Department of Non-Banking Regulation, Deposit Insurance and Credit Guarantee Corporation, Financial Stability Unit, Inspection Department, Risk Monitoring Department and Secretary’s Department.
His areas of expertise include regulation and supervision of banks, non-banking finance companies and cooperative banks, currency management, foreign exchange and human resources management.
Vishwanathan will be in charge of Department of Banking Regulation, Department of Co-operative Banking Regulation, Department of Non-Banking Regulation, Deposit Insurance and Credit Guarantee Corporation, Financial Stability Unit, Inspection Department, Risk Monitoring Department and Secretary’s Department.
These departments were earlier largely handled by another deputy governor R Gandhi. After the appointment of Vishwanthan, Gandhi will be handling the departments handled of Khan, which are largely related to Financial Markets & Infrastructure.
RBI’s four deputy governors – Urjit R Patel, R Gandhi, S S Mundra and N S Vishwanthan – handle 36 departments in the central bank, broadly categorised as ‘Monetary Policy and Research’, 'Financial Markets and Infrastructure, ‘Supervision and Inclusion’ and ‘Regulation and Risk Management’.