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The Reserve Bank of India (RBI) on Tuesday appointed three new executive directors (EDs). It also reorganised some banking regulation departments, as part of the overall organisational restructuring of its resources and functions.
With the new appointments, the number of executive directors has risen to 11.
M D Patra, principal advisor in the monetary policy department, has been elevated to the post of executive director. He will head the monetary policy department and the department of economic policy and research. Earlier, both departments were under executive director D Mohanty.
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Mohanty will now look after the financial stability unit and the inspection and risk monitoring department.
K K Vohra and G Mahalingam are the other new executive directors.
The department of banking operations and development, headed by Mahapatra, has been renamed department of banking regulation. Similarly, the department of non-banking supervision will now be called department of non-banking regulation. Both the departments will now come under the purview of executive director N S Vishwanathan.
Executive director Chandan Sinha will head banking supervision.
