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RBI Reallocates Deputy Governor Portfolios After Retirement Of SS Mundra

The rejigged portfolios could be temporary until the Indian government names a new deputy governor to replace Mundra.

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RBI Reallocates Deputy Governor Portfolios After Retirement Of SS Mundra
Mumbai: The Reserve Bank of India re-allocated the portfolios handled by deputy governor S.S. Mundra after his retirement on Monday, assigning banking supervision to N.S. Vishwanathan, who already oversees regulation for lenders.

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Vishwanathan will also be in charge of the department of non-banking, covering areas outside of core lending. The rejigged portfolios could be temporary until the Indian government names a new deputy governor to replace Mundra.

Mundra's more minor portfolios were split among the remaining deputy governors.

 
© Thomson Reuters 2017


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