BP Kanumgo has taken charge as the Deputy Governor of the Reserve Bank of India (RBI) and will look after departments of currency management and foreign exchange.
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.
"Exciting news! Elets Banking & Finance Post is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest insights!" Click here!
Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/
Get a chance to meet the Who's who of the Banking & Finance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.