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Following Mundra's retirement, RBI reallocates deputy governor portfolios

Mundra's other minor portfolios were split among remaining deputy governors

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Reserve Bank of India (RBI) Deputy Governor S S Mundra rapped banks for their practice of waiting for a negative response from a customer on value-added services passed on to a customer without seeking consent

Reuters

Last Updated : Aug 01 2017 | 1:32 PM IST

The Reserve Bank of India re-allocated the portfolios handled by deputy governor S S Mundra after his retirement on Monday, assigning banking supervision to N S Vishwanathan, who already oversees regulation for lenders.

Vishwanathan will also be in charge of the department of non-banking, covering areas outside of core lending. The rejigged portfolios could be temporary until the Indian government names a new deputy governor to replace Mundra.

Mundra's more minor portfolios were split among the remaining deputy governors.