Government appointed Viral Acharya as the deputy governor of the Reserve Bank of India. He will be joining the ranks of Vishwanathan, S S Mundra, R Gandhi as one of four deputy governors serving under RBI Governor Urjit Patel. Like former RBI governor Raghuram Rajan, Acharya comes from an academic background. Before his appointment to the RBI, he has been serving as CV Starr professor of economics at the New York University Stern School of Business since 2008. According to his profile on the NYU site, Acharya’s research interests lie in ” the regulation of banks and financial institutions, corporate finance, credit risk and valuation of corporate debt, and asset pricing with a focus on the effects of liquidity risk. He was the recipient of numerous awards, the latest was the ‘Rising Star in Finance Award’.
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