Kanungo takes over as RBI Deputy Governor
B.P. Kanungo has been elected as the Deputy governor of the Reserve Bank Of India on Monday for a period of three years post the retirement of R. Gandhi.
B.P. Kanungo on Monday took over as the Deputy Governor of the Reserve Bank of India (RBI) for a period of three years, following the retirement of R. Gandhi.
Born on May 5, 1959, Kanungo was Executive Director of the Reserve Bank before being elevated to the post of Deputy Governor. His appointment was announced on March 11.
RBI's other deputy governors are Viral Acharya, S.S. Mundra and N.S. Vishwanathan.
"As Deputy Governor, Kanungo will look after the Department of Currency Management (DCM), Department of External Investments and Operations, (DEIO), Department of Government and Bank Accounts (DGBA), Department of Information Technology (DIT), Department of Payment and Settlement Systems (DPSS), Foreign Exchange Department (FED), Internal Debt Management Department (IDMD), Legal Department (LD) and Premises Department (PD)," said an RBI statement on Monday.
Kanungo, a career central banker, joined the RBI in September 1982. He has worked in several functional areas of the banks such as foreign exchange management, banking and non-banking supervision, currency management, government and bank accounts and public debt.
He has served as the head of regional offices of the Reserve Bank at Jaipur and Kolkata besides holding the position of the banking ombudsman for Madhya Pradesh and Chhattisgarh.
As Executive Director, he looked after foreign exchange management, internal debt management and government and bank accounts.
Kanungo holds a Master's degree in humanities from Utkal University, besides holding a Bachelor's degree in Law.