Reserve Bank of India rejigs portfolios of deputy governors
The Reserve Bank on Monday rejigged portfolios of its deputy governors, with the key monetary policy department remaining with Michael Debabrata Patra. The reshuffle follows the retirement of deputy governor B.P. Kanungo on completion of his one-year extension.
As deputy governor, Kanungo headed the departments of currency management, infotech, payment and settlement systems, foreign exchange, and internal debt management.
The central bank has now reshuffled its 32 departments among the three deputy governors — M.K. Jain, Patra and M. Rajeshwar Rao. Patra has been assigned 10 other departments too, including external investments and operations, statistics and information management, financial markets operations and financial stability unit.
Jain has been assigned 11 departments, including of co-ordination, infotech, supervision, financial inclusion and development. Rao will look after 10 departments, including regulation, communication, currency management, payment and settlement systems, legal, foreign exchange and risk monitoring.