RBI allocates portfolios among 4 deputy governors

Mumbai, May 4 (PTI) The Reserve Bank announced portfolios for deputy governors, including Rohit Jain, who assumed charge on Monday.

Senior most Deputy Governor Swaminathan Janakiraman will look after 11 departments, including of supervision, legal, DICGC, and inspection, the Reserve Bank of India (RBI) said in a statement.

Poonam Gupta has been assigned six portfolios, including the key monetary policy department.

Deputy Governor Shirish Chandra Murmu will look after five departments, including regulation and enforcement.

Ten portfolios have been allocated to the new Deputy Governor, Rohit Jain. Among others he will look after fintech department, foreign exchange department, and information technology department.

Jain replaced T Rabi Sankar, whose

extended tenure ended on Saturday.

Coordination will be looked after by Janakiraman, the RBI said.

According to the RBI Act, 1934, the central bank should have four deputy governors: two from within the ranks, one commercial banker, and an economist to head the monetary policy department. PTI NKD NKD MR