The Appointments Committee of the Cabinet has approved the appointment of Viral V. Acharya as the new deputy governor of Reserve Bank of India (RBI) for a period of three years.
Acharya is the CV Starr Professor of Economics in the Department of Finance at New York University Stern School of Business (NYU-Stern).
He is the Program Director for Financial Economics and a Research Affiliate at the Center for Economic Policy Research (CEPR); a Director of Western Finance Association, the National Stock Exchange of India (NSE).
An Indian Institute of Technology (IIT) Bombay alumnus, Acharya completed Bachelor of Technology in Computer Science and Engineering from IIT Bombay in 1995 and Ph.D. in Finance from NYU-Stern in 2001.
He is the current PhD coordinator in the Finance department at Stern. The RBI currently has three deputy governors namely S.S. Mundra, N.S. Vishwanathan and R. Gandhi.
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