RBI rejigs portfolios of deputy governors following Viral Acharya’s exit

RBI rejigs portfolios of deputy governors following Viral Acharya’s exit

NEW DELHI: With the exit of Viral Acharya, the Reserve Bank of India (RBI) on Tuesday rejiged portfolios of the other three deputy governors giving the important monetary policy and forecasting department to B P Kanungo, an official release said.nnThe monetary policy department, including forecasting and modelling unit, was earlier looked after by Acharya, who ended his stint as the deputy governor after last month’s surprise resignation where the outspoken academic chose to cut short his time in office.nnNow, all the other three deputy governors — N S Vishwanathan, B P Kanungo and M K Jain — have been made responsible for 12 departments each.nnIn addition to his earlier portfolios, Kanungo will also look after economic and policy research and statistics and information management.nnDeputy Governor Jain has been given additional charge of corporate strategy and budget, financial stability unit, and human resource management. He will be in charge of the right to information division.nnThe release further said besides the portfolios he was holding since June 2018, Vishwanathan has also been entrusted with departments dealing with financial market opertations, financial market regulations and international issues.nnThe RBI, headed by Governor Shaktikanta Das, has four deputy governors.nnThe government has not yet finalised replacement of Acharya.nnSource: Press Trust of India

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