A government-appointed panel Appointments Committee of the Cabinet (ACC) has selected N S Vishwanathan as a Reserve Bank of India deputy governor, replacing incumbent H R Khan, NDTV Profit TV and ANI television news agency reported on Tuesday. N S Vishwanathan was executive director in RBI before his new appointment.
Vishwanathan would succeed Khan, who will retire on July 3, ANI tweeted.
The key departments under Khan are financial markets, external investments and operations, payment and settlements, information technology, foreign exchange and internal debt management. The RBI currently has four deputy governors. N S Vishwanathan, an Executive Director (ED) at the Reserve Bank of India (RBI), has earlier emerged as the top contender for the Deputy Governor’s post. Vishwanathan, who was elevated as ED in 2014, currently oversees banking and non-banking regulation departments.