B P Kanungo takes over as new RBI deputy governor

Earlier, he served as RBI's executive director

B P Kanungo on Monday took over as the Deputy Governor of the Reserve Bank of India (RBI).

The government on March 11 appointed Kanungo, who was holding the position of Executive Director of RBI, as Deputy Governor for a period of three years.

Kanungo will look after the departments of currency management, external investments and operations, government and bank accounts, and information technology, payment and settlement systems.

He will also look after foreign exchange department, internal debt management department, legal department and premises department.

Kanungo had joined the RBI in September 1982.

He has worked in several functional areas of the banks such as foreign exchange management, banking and non-banking supervision, currency management, government and bank accounts and public debt.

He has served as the head of regional offices of RBI at Jaipur and Kolkata besides holding the position of the Banking Ombudsman for Madhya Pradesh and Chhattisgarh.

As executive director, he looked after foreign exchange management, internal debt management and government and bank accounts.

Three other Deputy Governors of RBI are: S S Mundra, N S Vishwanathan and Viral V Acharya.