Shivaji had been earlier associated with SIDBI as its Chief Executive Officer. He was also appointed as the principal secretary in the Ministry of Finance.
Shivaji is serving as an executive director of the Asian Development Bank since December 2016.
The position of RBI’s deputy governor is vacant since Viral Acharya put down his papers in June citing unavoidable personal reasons.
As per several reports, Acharya had been into disagreements with the Governor Shaktikanta Das over a number of policy decisions such as the interest rates, assessment of fiscal deficit and the bank’s monetary policy.
Watch Kshatrapati Shivaji address at Elets BFSI CTO Summit