NS Vishwanathan re-appointed as RBI deputy governor one more year

NS Vishwanathan was Monday re-appointed as deputy governor of the Reserve Bank of India (RBI) for one more year, an official order said. The Appointments Committee of the Cabinet has approved re-appointment of Vishwanathan as the deputy governor for a period of one more year with effect from July 4 this year, the order issued by the Personnel Ministry said.

His existing tenure was to end Wednesday, July 3. Vishwanathan is one of the three deputy governors, besides B P Kanungo and M K Jain, working at the central bank.

Viral Acharya, the RBI Deputy Governor who had in October last year brought to light tensions with the government over independence of the central bank, has resigned six months before the scheduled end of his term in the office.

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Acharya, 45, who was the only Deputy Governor of Reserve Bank on the six-member interest rate-setting monetary policy committee, resigned from his position “a few weeks” back citing “unavoidable personal circumstances”, the Reserve Bank of India (RBI) said in a brief statement.

In his resignation, he expressed inability to continue beyond July 23, 2019, it said. The RBI, which had previously not disclosed the resignation and was forced to do so following a media report, said: "Consequential action arising from his letter is under consideration of the Competent Authority".