With the government undecided on a Deputy Governor as Anand Sinha’s successor, Reserve Bank Governor Raghuram Rajan has distributed Sinha’s portfolios among the other three deputy governors. The crucial Department of Banking Operations and Development — which looks after the new bank licence process will now be handled by Deputy Governor HR Khan.
The reallocation was necessitated after Anand Sinha relinquished his charge as Deputy Governor on Saturday. Sinha is being appointed as an Advisor by the RBI to complete the process of issuing new banking licences.
In a statement on Monday, the RBI said Khan will also be looking after non-banking supervision, IT, inspection, government and bank accounts, foreign exchange and internal debt management.
Governor Urjit Patel will look after departments of communication, economic policy & research, statistics & information management, financial markets and monetary policy.
Governor KC Chakrabarty will look after the departments of customer service, banking supervision, legal, currency management and Financial Stability Unit.
- Home Minister Rajnath Singh Assures Safety Of All Tourists Stranded On Havelock Island
- Government To Waive Service Tax On Debit, Credit Card Transactions Of Up To Rs 2,000
- President Pranab Mukherjee Criticises Parliament Disruptions Over Demonetisation
- Pakistan International Airlines Flight Carrying Over 40 Passenger On Board Crashes
- Shah Rukh Khan On Raees Clash With Kaabil: It’s Impossible To Have A Solo Release In India
- US-President Elect Donald Trump Named TIME’s Person Of The Year 2016
- O. Panneerselvam: 10 Things You Need To Know
- PM Narendra Modi Slams Opposition For Not Letting Parliament Function
- Nawazuddin Siddiqui On Working In Raees: Was Nervous To Shoot With Shah Rukh Khan
- Bathinda Dancer Murder: Video Showing Accused Opening Fire At Marriage
- 5 Lesser Known Facts About Sasikala Natarajan
- Congress Leader Shashi Tharoor’s Delhi Home Burgled: Here’s What Happened
- Reserve Bank Of India Keeps Repo Rate Unchanged Post Demonetisation
- Bigg Boss 10 Dec 06 Review: Swami Om Pees In Kitchen
- Lenovo k6 Power Video Review