The current deputy governor was appointed in 2011 and has since been managing portfolios including payment and settlement systems, foreign exchange and internal debt management. Khan had joined the RBI in 1978 and has played an instrumental role in framing the central bank’s strategy on foreign exchange management and on the management of government debt.
Vishwanathan, who will take over from Khan, has been overseeing the banking and non-banking regulation departments.
RBI has four deputy governors with two of them being appointed from the outside. The other two are typically promoted from within RBI. RBI has three other deputy governors at present namely Urjit Patel, S S Mundra and R Gandhi.