RBI announces revised portfolios for Deputy Governors

Reserve Bank of India (RBI), the country’s apex bank today announced revised portfolio for all the four deputy governors. In a statement, RBI announced the changes in the top level team.

The newly appointed deputy governor Viral Acharaya was allocated two key portfolios in Department of Economic Policy & Research (DEPR) and Financial Markets Operations Department (FMOD). Apart from this, he would also be responsible for Financial Markets Regulation Department including Market Intelligence (FMRD/MI) and Monetary Policy Department including Forecasting & Modeling Unit (MPD/MU).

In other roles, R Gandhi would be handling Currency Management, External Investments & Operations, Payment & Settlement Systems, Foreign Exchange Department etc.

Banking and non-banking supervision, Financial Inclusion and Development Department and Education and Protection Department would be under the ambit of S.S. Mundra.

Risk Monitoring Department, Inspection, Financial Stability Unit (FSU), Department of Banking Regulation (DBR) and Department of Communication (DoC) would be taken care of by N.S. Vishwanathan.

The revised portfolios of governors come post the massive demonetisation exercise undertaken by the central bank.