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This Article is From Sep 06, 2016

RBI Reallocates Deputy Governor Portfolios

The Reserve Bank of India's senior most deputy governor, R Gandhi, has been given the charge of its monetary policy department, including the forecasting and modeling unit, which was earlier under new governor Urjit Patel.

RBI Reallocates Deputy Governor Portfolios
The RBI has said it will reallocate the portfolios for its three deputy governors.
Mumbai: The Reserve Bank of India (RBI) said on Tuesday it will reallocate the portfolios for its three deputy governors, including shifting the monetary policy, economic policy and research, and financial market operations to R Gandhi.

The three divisions were previously held by Urjit Patel, a deputy governor who was promoted to RBI chief on Sunday to replace Raghuram Rajan.

Other divisions under Mr Patel were also reassigned, with the department of communication assigned to deputy governor N S Vishwanathan, and the department of statistics and information management going to S S Mundra.

The government is expected to announce a replacement for Mr Patel as a deputy governor soon, which would likely lead to another rejigging of portfolios.
© Thomson Reuters 2016

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