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RBI details Deputy Governor Viral Acharya's portfolio

Acharya who joined the central bank on Friday, will be heading the monetary policy, financial markets operations, economic research, regulation departments.

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Dr Viral Acharya
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Viral Acharya, the Reserve Bank of India (RBI) deputy governor who joined the central bank on Friday, will head monetary policy, economic research, financial markets operations and regulation departments. 

In a notification on its website, RBI detailed the revised portfolios of its four deputy governors -- Dr Viral Acharya, N S Vishwanathan, S S Mundra, and R Gandhi. 

According to the RBI, Acharya will look after 

1) Corporate Strategy and Budget Department
2) Department of Corporate Services including Document Management System
3) Department of Economic Policy & Research 
4) Department of Statistics and Information Management (including Data and Information Management Unit)
5) Financial Markets Operations Department
6) Financial Markets Regulation Department including Market Intelligence
7) International Department 
8) Monetary Policy Department including Forecasting & Modeling Unit

S S Mundra: 

1. Central Security Cell (CSC) 
2. Consumer Education and Protection Department (CEPD)
3. Department of Banking Supervision (DBS)
4. Department of Co-operative Banking Supervision (DCBS)
5. Department of Non-Banking Supervision (DNBS)
6. Financial Inclusion and Development Department (FIDD)
7. Human Resource Management Department incl. Central Administrative Processing Unit (HRMD/CAPU)
8. Rajbhasha Department (RD)
9. Right to Information (RIA) Division

N S Vishwanathan has retained the communication and bank regulation departments. 

1. Department of Banking Regulation (DBR) 
2. Department of Communication (DoC)
3. Department of Co-operative Banking Regulation (DCBR) 
4. Department of Non-Banking Regulation (DNBR)
5. Deposit Insurance and Credit Guarantee Corporation (DICGC)
6. Financial Stability Unit (FSU) 
7. Inspection Department (ID)
8. Risk Monitoring Department (RMD) 
9. Secretary’s Department

R Gandhi has retained the payment and settlement system department and the currency management and forex departments. 

1. Co-ordination 
2. Department of Currency Management (DCM)
3. Department of External Investments & Operations (DEIO)
4. Department of Government & Bank Accounts (DGBA)
5. Department of Information Technology (DIT) 
6. Department of Payment & Settlement Systems (DPSS)
7. Foreign Exchange Department (FED)
8. Internal Debt Management Department (IDMD)
9. Legal Department (LD) 
10. Premises Department (PD)

The next RBI policy is slated for February 8, 2017. It will be the sixth-monthly monetary policy of the fiscal and the first one for the new calender year. 

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