N S Vishwanathan

Says RBI deserves part of the credit because of strong regulatory framework

In his keynote address at Business Standard's webinar series, Former deputy governor says good capital buffers are a must

After Vishwanathan demitted office in March, these departments were allocated to the remaining three deputy governors

NPA levels of banks are sure to go up and the entire risk management mechanism will undergo a paradigm shift, Vishwanathan said

RBI now functions with three deputy governors - B.P. Kanungo, M.K. Jain and Michael Patra

While the Reserve Bank has accepted his request to be relieved by March 31, the same has to be accepted by the Cabinet as well, which is likely to happen any day given his health condition

RBI working on corporate governance rules in line with global standards, says Vishwanathan

Speaking to an audience comprising of all the top bankers, RBI deputy governor said the new guidelines will be put in public domain and the RBI will be seeking comments before finalising any rules

The NBFC issue started after Infrastructure Leasing and Financial Services defaulted on a loan last year

Shwanathan is known to be one of the key architects behind the revised norms

His existing tenure was to end Wednesday, July 3.

Vishwanathan said formalisation of Medium, Small and Micro enterprises (MSMEs) is important for financial stability of the system

He will succeed H R Khan on July 3

All appointments of deputy governors to RBI were previously done by a panel headed by the governor

Vishwanathan who succeeds H R Khan had joined central bank in 1981