The government on Wednesday appointed M. Rajeshwar Rao as the Deputy Governor of the Reserve Bank of India (RBI), it said in a notification. Rao is currently an Executive Director with the central bank.
The Centre has extended the tenure of Reserve Bank Deputy Governor B P Kanungo by a year with effect from April 3, 2020.
RBI Deputy Governor N S Vishwanathan has decided to step down by March 31 due to ill health, three months before the end of his extended one-year tenure.
Nearly six months after Viral Acharya resigned as the RBI deputy Governor, there is finally a replacement, on Tuesday the apex bank appointed Executive Director Micheal Patra to the post. Michael Debabrata Patra has been appointed for three years, according to a statement by the Appointments Committee of the Cabinet. Patra replaced Acharya, who left office on July 23.