The government has extended the tenure of Reserve Bank of India's Deputy Governor BP Kanungo by one year with effect from April 3, 2020. Kanungo, whose term was to end on April 2, had taken charge as RBI deputy governor in April 2017.
"The central government has re-appointed B P Kanungo as Deputy Governor, Reserve Bank of India, for a further period of one year with effect from April 3, 2020, or until further orders, whichever is earlier, upon completion of his existing term on April 2, 2020," the central bank said in a release.
Kanungo has under him at RBI the Department of Currency Management, Department of External Investments & Operations, Department of Government & Bank Accounts, Department of Information Technology and Department of Payment & Settlement System. Other departments are Deposit Insurance and Credit Guarantee Corporation, Foreign Exchange Department, Internal Debt Management Department, Legal Department and Right to Information departments.
The banking regulator has four deputy governors, including NS Vishwanathan, MK Jain and Michael Debabrata Patra.
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