Govt extends Deputy Governor H R Khan’s tenure for 2 years

The Reserve Bank on Thursday extended the term of Deputy Governor H R Khan for two years with effect from 4 July, 2014. ‘The government on Thursday re-appointed Harun Rashid Khan as the Deputy Governor of the Reserve Bank of India, for a further period of two years with effect from 4 July, 2014 or until further orders, whichever is earlier,’ RBI said in a release. Khan was appointed as Deputy Governor on 1 July, 2011 for a period of three years from the date of his taking charge or until further orders, whichever was earlier. He had taken charge on 4 July, 2011. Khan held portfolios including Central Security Cell, Department of External Investments and Operations, Department of Government and Bank Accounts and Department of Payment and Settlement Systems. He also looked after Foreign Exchange Department, Internal Debt Management Department and Inspection Departments. RBI has four deputy governors; two are from RBI itself, one is a banker and one from the field of academics or an economist. Including Khan, RBI has only three deputy governors. The post held by former deputy governor K C Chakrabarty fell vacant as he retired three months before his tenure in April this year.