RBI promotes 3 senior officials as EDs, reshuffles portfolios

The Reserve Bank of India today promoted three senior officials as executive directors and also reshuffled portfolios of some EDs.
Those elevated as EDs are M D Patra, principal adviser in the monetary policy department and principal general managers K K Vohra and G Mahalingam.
"One promotion is in lieu of an existing vacancy and the other two are against additional vacancies," RBI said in a release.
After the fresh set of appointments, the number of executive directors in the Reserve Bank of India (RBI) is 11.
The central bank, which is seeking to carry out various organisational changes under Governor Raghuram Rajan, also reshuffled portfolios of EDs.

Patra will look after the communication, economic policy and research and monetary policy departments, while D K Mohanty will handle financial stability unit, inspection department and risk monitoring departments.

Mahalingam will head the statistics and information management department, along with financial market operations and international department.
Vohra will be incharge central security cell, corporate strategy and budget department, human resources, Rajbhasha and RTI.
Among incumbent EDs, whose portfolios have been restructured include Vijaya Bhaskar, who will now handle internal debt management, external investments and operations and government and bank accounts.
G Padmanabhan will now oversee information technology, payment and settlement systems, foreign exchange and financial markets regulation departments.

Jasbir Singh will look after the Deposit Insurance and Credit Guarantee Corporation, while Deepali Pant Joshi will will handle currency management, legal, premises and RTI departments.
N S Vishwanathan will manage affairs related to banking regulation, co-operative banking regulation and non-banking regulation departments.
For consumer education and protection, financial inclusion and development, and secretary's departments, the RBI has given charge to U S Paliwal.
Chandan Sinha will look after departments of banking supervision, co-operative banking supervision and non-banking supervision.
The restructuring exercise will be completed by the end of October and the full allocations of the revised portfolios will be effective November 3.