RBI Guv Urijit Patel reallocates DGs portfolios as Acharya takes charge

RBI Governor Urjit Patel has reallocated portfolios of Deputy Governors following assumption of charge by Viral V Acharya.

Apart from Monetary Policy Department, Acharya will look after Economic Policy & Research, Corporate Strategy and Budget and Financial Markets Operations Department, RBI said in a statement on Monday.

Acharya, a professor of Economics in the Department of Finance at the New York University (NYU) was appointed as Deputy Governor last month.

Senior-most deputy governor R Gandhi was looking after the monetary policy department, financial market operations department and department of economic policy and research following elevation of Patel as Governor.

Deputy governor S S Mundra has been given charge of the Consumer Education and Protection and Human Resources Department while N S Vishwanathan will look after the department of banking regulation and department of communication.

An alumnus of IIT, Mumbai, with a degree of Bachelor of Technology in Computer Science and Engineering in 1995 and PhD in Finance from NYU-Stern in 2001, Acharya was with London Business School (2001-08) and served as the Academic Director of the Coller Institute of Private Equity at LBS (2007-09) and a Senior Houblon-Normal Research Fellow at the Bank of England (Summer 2008).