Moving Up the Ranks
Amid the ongoing search for the replacement for the Reserve Bank of India Governor Raghuram Rajan, the government appointed N.S. Vishwanathan as the new deputy governor. Vishwanathan was earlier the executive director with the central bank and will replace H.R. Khan, who retired recently. He will look after the Department of Banking Regulation, Deposit Insurance and Credit Guarantee Corporation, Financial Stability Unit, Risk Monitoring Department, among other responsibilities. Vishwanathan, 58, joined the RBI in 1981. The central bank currently has four deputy governors.