CURRENT UPDATE : NEW RBI DEPUTY GOVERNOR

R. GANDHI APPOINTED RBI DEPUTY GOVERNOR

Shri R. Gandhi has been appointed Deputy Governor of the Reserve Bank of India today. According to the notification issued by the Government of India, Shri Gandhi has been appointed Deputy Governor for a period of three years from the afternoon of Thursday, April 03, 2014. Shri Gandhi was Executive Director of the Reserve Bank before being elevated to the post of Deputy Governor.

Shri Gandhi will look after the following portfolios: Department of Banking Operations and Development, Department of Non-Banking Supervision, Urban Banks Department, Department of Expenditure and Budgetary Control, Department of Information Technology, Legal Department, Premises Department and Risk Monitoring Department.

Having joined the Reserve Bank of India in 1980, Shri Gandhi has built, over these thirty three years, expertise and experience in varied fields which include, payment systems and information technology, financial markets (money, securities, forex and capital market) operations and regulation, currency operations and management, personnel and human resources management, industrial credit and international banking. He had a three-year secondment to the Securities and Exchange Board of India (SEBI). He has also been the head of two regional offices of the Reserve Bank and held charge as the Director of the Institute for Development and Research in Banking Technology (IDRBT), Hyderabad. He was the Executive Assistant to the Governor of the Reserve Bank of India for three years. He was also a Reserve Bank nominee on the Board of Directors of four public sector banks (at different points in time) for five years. He has been associated with various committees, working groups and task forces.