B P Kanungo takes charge as RBI Deputy Governor

B P Kanungo took over as deputy governor of the Reserve Bank of India (RBI) on Monday, and will look after departments of currency management and foreign exchange, among others.

The government on March 11 appointed Kanungo, who was holding the position of Executive Director of RBI, as Deputy Governor for a period of three years.

As per the revised portfolio of Deputy Governors, Kanungo will also look after the departments of external investments and operations, government and bank accounts, information technology, payment and settlement systems, internal debt management, legal and premises.

Kanungo, who replaces R Gandhi, had joined RBI in September 1982.

Deputy Governor S Vishwanathan will be looking after the newly created enforcement department.

Kanungo has worked in several functional areas of the banks such as foreign exchange management, banking and non-banking supervision, currency management, government and bank accounts and public debt.

He has served as the head of regional offices of RBI at Jaipur and Kolkata besides holding the position of the Banking Ombudsman for Madhya Pradesh and Chhattisgarh.

As executive director, he looked after foreign exchange management, internal debt management and government and bank accounts.

Two other Deputy Governors of RBI are: S S Mundra and Viral V Acharya.