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T Rabi Sankar takes over as RBI deputy governor, has a tenure of 3 years

T Rabi Sankar on Monday took over as the new deputy governor of the Reserve Bank of India for a period of three years, the central bank said in a statement. Sankar has filled the vacancy created after the retirement of B P Kanungo on April 2. The other three deputy governors are Michael D Patra, who heads the all-important monetary policy department; Mukesh Kumar Jain, the commercial banker-turned-central banker; and Rajeshwar Rao. Sankar was Executive Director of the Reserve Bank before being elevated to the post of deputy governor. The Appointments Committee of the Cabinet cleared Sankar s appointment as the new RBI deputy governor on Saturday.

RBI distributes portfolios of B P Kanungo among remaining deputy governors

RBI distributes portfolios of B P Kanungo among remaining deputy governors
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