The Reserve Bank, which is in the process of restructuring some of its departments, today redistributed work among its four Deputy Governors.
It said that consequent on reorganisation of the departments/work areas in the Reserve Bank effective November 3, 2014, the portfolios of the Deputy Governors has been redistributed.
Deputy Governor H R Khan will look after 'Financial Markets and Infrastructure', while Urjit R Patel has been given the charge of 'Monetary Policy and Research'.
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As per the portfolio announced, R Gandhi will look after the 'Regulation and Risk Management' and the newly appointed Deputy Governor S S Mundra has been assigned with the responsibility of 'Supervision and Inclusion'.
Khan's portfolio include coordination work; Foreign Exchange Department; Department of Government and Bank Accounts and Financial Markets Regulation Department including Market Intelligence.
As per the latest distribution, Deputy Governor Patel will look after Monetary Policy Department, Financial Market Operations Department and Communication Department, among others.
RBI further said portfolio of Gandhi include, Department of Banking Regulation, Department of Non-Banking Regulation, Deposit Insurance and Credit Guarantee Corporation (DICGC) and Financial Stability Unit.
Mundra will look after Consumer Education and Protection Department, Financial Inclusion and Development Department and Right to Information, among others.
RBI is restructuring some departments as part of its reorganisation exercise and entire process would be completed by end-October.
