Viral Acharya takes charge as RBI deputy governor

He is appointed for a three-year term and will be in charge of monetary policy department

Reserve Bank of India’s (RBI) new deputy governor Viral Acharya took charge on Monday for a three-year term. 

The central bank reallocated portfolios of other deputy governors, following the assumption of charge by Acharya. He will be handling eight departments. Apart from the monetary policy and economic research departments, he would be in charge of corporate strategy and budget department, department of corporate services, department of statistics & information management, financial markets operations department, financial markets regulation department and international department. 

The monetary policy department, economic policy and research departments were earlier with R Gandhi, whose term comes to an end this