S S Mundra retires from RBI

The banking supervision department will be looked after by NS Vishwanathan.

With the retirement of Deputy Governor S.S. Mundra, the Reserve Bank of India (RBI) has allocated his portfolios to other deputy governors. 
 
The banking supervision department will be looked after by NS Vishwanathan. He will also be in-charge of the department of non-banking supervision and the department of cooperative banking supervision, which were earlier taken care of Mundra.
 
Last week, the RBI’s search committee had interviewed various candidates to select Mundra’s successor. He was heading the Bank of Baroda before his superannuation. He had a three-year term as deputy governor and his tenure ended recently.
 
The central bank said the consumer education and protection department, financial inclusion and development department and the right to information division will be overseen by BP Kanungo. 
 
Deputy governor Viral Acharya will be handling the central security cell, the Rajbhasha department and the human resources function, it said.
 
The government is yet to appoint Mundra's successor at the Mint Street. 
 
(Source: Agency) 

Event date: 
Tuesday, August 1, 2017

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