The Central Government on March 11 appointed Kanungo, as Deputy Governor of the apex body for a period of three years, reported
He was the Executive Director of RBI before being elevated to the post of Deputy Governor, reported The Indian Express.
As per the revised portfolio of Deputy Governors, Kanungo will also look after the departments of external investments and operations, government and bank accounts, information technology, payment and settlement systems, internal debt management, legal and premises.
Kanungo, who succeeds R Gandhi, had joined RBI in September 1982. Deputy Governor S Vishwanathan will be looking after the newly created enforcement department.