RBI announces portfolios of deputy guvs, M Rajeshwar Rao gets regulation

The RBI on Monday reallocated portfolios of deputy governors, with the department of regulation entrusted to the newly-appointed M Rajeshwar Rao.

Rao was executive director of the Reserve Bank before being elevated to the post of deputy governor. He took the new charge last week.

Rao was appointed to the post vacated by N S Vishwanathan, who stepped down three months ahead of his extended tenure on health grounds.

The RBI announced portfolios of the four deputy governors effective from October 12, consequent upon the appointment of Rao as deputy governor.

Besides the department of regulation, Rao will look after the departments of communication,