Talwar to head DBOD, DOS

Capoor was made the chief of DBOD as the Reserve Bank at that point of time felt banking operations and supervision should not come under the same head.

Under the new arrangement, Reddy will look after the department of external investments and operations (DEIO), internal debt management cell (IDMC), credit planning cell (CPC), department of economics, department of statistics, government and bank accounts department, expenditure and budgetary control department and the secretaries department.

The DBOD and DOS apart, Talwar will hold charges for premises department and the department of information technology. As the chief of DoS, he will look after the departments of bank and non-banking supervision and the inspection department. Capoor will now hold charge of external control department (ECD), rural planning and credit department (RPCD), industrial and export credit department (IECD), department of administration, urban banks department, department of currency management and the Deposit Insurance & Credit Guarantee Corporation (DICGC). Most of these departments were looked after by Gupta till last week.

The Reserve Bank is unlikely to appointment the fourth deputy governor, sources said.