Shri Mahesh Kumar Jain took charge as the Deputy Governor of Reserve Bank of India today. The Government of India, on June 4, 2018 has appointed him as the Deputy Governor of Reserve Bank of India for a period of three years from the date of assumption of charge or until further orders, whichever is earlier.

Shri Jain was the MD & CEO of IDBI Bank before being appointed as Deputy Governor.

As Deputy Governor, Shri Jain will look after the Department of Banking Supervision, Department of Co-operative Banking Supervision, Department of Non-Banking Supervision, Central Security Cell, Department of Corporate Services including Document Management System, Rajbhasha Department, Consumer Education and Protection Department, Financial Inclusion and Development Department and Premises Department.

Shri Jain is a professional banker with more than 32 years of experience. Prior to his stint with IDBI Bank, he was heading Indian Bank. He has served at various positions in Punjab National Bank and Syndicate Bank across multiple areas that include Corporate & Retail Credit, Risk Management, Credit Monitoring including Corporate Debt Restructuring, Business Process Re-engineering, Treasury and International Banking.

Born on May 05, 1961, Shri Jain holds a Master’s degree in Commerce and Business Administration along with CFA and FRM. He is also a Fellow Member of IIBF.
The Central Government has re-appointed Shri Mahesh Kumar Jain as Deputy Governor, Reserve Bank of India for a period of two years with effect from June 22, 2021, or until further orders, whichever is earlier, upon completion of his existing term on June 21, 2021.

Shri B.P. Kanungo took over as the Deputy Governor of the Reserve Bank of India today. The Government of India, on March 11, 2017 has appointed him as the Deputy Governor of the Reserve Bank of India, for a period of three years from the date of his taking over charge of the post on or after April 3, 2017 or until further orders, whichever is earlier.

Shri Kanungo was Executive Director of the Reserve Bank before being elevated to the post of Deputy Governor.

Shri N. S. Vishwanathan took over as the Deputy Governor of the Reserve Bank of India today. The Government of India, on June 29, 2016 has appointed him as the Deputy Governor of the Reserve Bank of India, for a period of three years from the date of his taking over charge of the post on or after July 4, 2016 or until further orders, whichever is earlier.

Shri Vishwanathan was Executive Director of the Reserve Bank before being elevated to the post of Deputy Governor.

As Deputy Governor, Shri Vishwanathan will look after Department of Banking Regulation (DBR), Department of Co-operative Banking Regulation (DCBR), Department of Non-Banking Regulation (DNBR), Deposit Insurance and Credit Guarantee Corporation (DICGC), Financial Stability Unit (FSU), Inspection Department, Risk Monitoring Department (RMD) and Secretary’s Department.

Shri Vishwanathan, a career central banker, joined the Reserve Bank of India in 1981. His areas of expertise include regulation and supervision of banks, non-banking finance companies and cooperative banks, currency management, foreign exchange and human resources management. He had a three-year secondment to the Bank of Mauritius, the central bank of Mauritius, as Director, Supervision. He has also been the head of Chennai Regional office of the Reserve Bank.

Shri Vishwanathan was the Reserve Bank nominee on the Board of Directors of three public sector banks at different points in time. He was also the Chief Vigilance Officer and Head of Internal Audit, IFCI. He has been associated with various committees, working groups, and task forces. He represented the Reserve Bank in various international Committees. These are: Member of the Policy Development Group, BIS, Basel, Member of Macro Prudential Policy Group BIS, Basel, and Executive Committee Member of the International Credit Union Regulators Network.

Born on June 27, 1958, Shri Vishwanathan holds a Master’s degree in Economics from the Bangalore University.

The Central Government has re-appointed Shri N.S. Vishwanathan as Deputy Governor, Reserve Bank of India for a further period of one year beyond his currently notified period of appointment of three years that expires on July 3, 2019, i.e., till July 3, 2020, or until further orders, whichever is earlier.

The Central Government has, through notification F No. 7/1/2012-BO-I (Pt.) dated December 28, 2016, appointed Dr. Viral V. Acharya, currently C.V. Starr Professor of Economics, Department of Finance, New York University – Stern School of Business,as Deputy Governor, Reserve Bank of India for a term of three years from the date of his taking charge. Dr. Acharya will join on January 20, 2017.

As Deputy Governor, Dr Acharya will look after the Monetary Policy and Research cluster.

Shri S. S. Mundra took over as the Deputy Governor of the Reserve Bank of India (RBI) today. The Government of India vide its notification dated July 30, 2014 has appointed him as the Deputy Governor of the Reserve Bank of India, for a period of three years from the date of his taking over, i.e., July 31, 2014 or until further orders, whichever is earlier. Prior to joining the Reserve Bank, Shri Mundra was Chairman and Managing Director, Bank of Baroda, the second largest bank in the country.

As Deputy Governor, Shri Mundra will look after banking supervision, currency management, financial stability, rural credit, customer service, as also, the Reserve Bank’s human resources and security.

Born on July 18, 1954, Shri Mundra began his career as a Probationary Officer in Bank of Baroda in March 1977. During a banking career spanning 37 years, he has held several challenging positions including heading Bank of Baroda’s European operations (UK) before being elevated as Executive Director of Union Bank of India in September 2010 and further as Chairman of Bank of Baroda in January 2013.

Shri Mundra has served on Boards of several multi-dimensional companies, such as, the Clearing Corporation of India Ltd (CCIL), Central Depository Services (India) Ltd. (CDSL), BOB Asset Management Company, India Infrastructure Finance Corporation (UK) Ltd. (IIFCL), Star Union Dai-Ichi Life Insurance Company Ltd., National Payments Corporation of India Ltd. The experience gained in guiding these entities has bestowed him with wide leadership skills and keen insights in best practices in Corporate Governance.

He has served as the Chairman of Committee on Financial Inclusion set up by the Indian Banks’ Association (IBA) and also served as a member of several other important committees relating to the banking and financial sector constituted by the IBA and RBI, including the Nachiket Mor Committee on Comprehensive Financial Services (CCFS) for Small Businesses and Low-Income Households.

He holds a Masters Degree in Commerce and CAIIB.

Shri R. Gandhi has been appointed Deputy Governor of the Reserve Bank of India today. According to the notification issued by the Government of India, Shri Gandhi has been appointed Deputy Governor for a period of three years from the afternoon of Thursday, April 03, 2014. Shri Gandhi was Executive Director of the Reserve Bank before being elevated to the post of Deputy Governor.

Shri Gandhi will look after the following portfolios: Department of Banking Operations and Development, Department of Non-Banking Supervision, Urban Banks Department, Department of Expenditure and Budgetary Control, Department of Information Technology, Legal Department, Premises Department and Risk Monitoring Department.

Having joined the Reserve Bank of India in 1980, Shri Gandhi has built, over these thirty three years, expertise and experience in varied fields which include, payment systems and information technology, financial markets (money, securities, forex and capital market) operations and regulation, currency operations and management, personnel and human resources management, industrial credit and international banking. He had a three-year secondment to the Securities and Exchange Board of India (SEBI). He has also been the head of two regional offices of the Reserve Bank and held charge as the Director of the Institute for Development and Research in Banking Technology (IDRBT), Hyderabad. He was the Executive Assistant to the Governor of the Reserve Bank of India for three years. He was also a Reserve Bank nominee on the Board of Directors of four public sector banks (at different points in time) for five years. He has been associated with various committees, working groups and task forces.

Born in 1956, Shri Gandhi has a Master’s degree in Economics from the Annamalai University, in Tamil Nadu, India. He also has post graduate level certificates in Management Information System from The American University, Washington DC, USA and in Capital Market from the City University of New York, New York, USA. He has taken special courses on Mathematical Economics, Econometrics, Development Banking and International Economics from The American University and the George Washington University, Washington DC, USA. His technical education includes a certificate course in System Programming from the IBM Education, Sydney, Australia and courses in ORACLE, Assembly Language, Networking, etc. He has a certificate in Gandhian Thoughts from the Madurai University, Tamil Nadu, India.

The Government of India today re-appointed Dr. Urjit R. Patel as the Deputy Governor of the Reserve Bank of India, for a further period of three years.

Dr. Urjit R. Patel was earlier appointed as Deputy Governor for a period of three years from January 11, 2013.

Shri Harun Rashid Khan took over today as Deputy Governor of the Reserve Bank of India.  As Deputy Governor he has been appointed for a period of three years.  He will look after Central Security Cell, Department of External Investments and Operations, Department of Government and Bank Accounts, Department of Payment and Settlement Systems, Foreign Exchange Department, Internal Debt Management Department and Inspection Department.

Prior to being appointed as Deputy Governor Shri Khan was Executive Director of Reserve Bank of India since October 2007 and looked after the Department of External Investments and Operations, Foreign Exchange Department, Internal Debt Management Department and Department of Government and Bank Accounts.  He was earlier Regional Director of the Bank’s New Delhi Office and prior to that he was Principal of the College of Agricultural Banking in Pune.  Shri Khan’s central banking career spanned over 32 years during which he has discharged diverse responsibilities in RBI in areas of rural credit, currency management, banking supervision & regulation, debt management, reserve management, exchange control, personnel administration and internal accounts of the Bank. Shri Khan has been associated with number of internal and external committees, such as, Committee on Technology Exports, Committee on Ways and Means Advances to the State Governments (as Member Secretary), Working Group on Instruments of Sterilisation (as Convener), International Task Force on Central Counterparties (CCPs), Working Group on Model Fiscal Responsibility and Budget Management Bill for States (as Convener).

He was closely involved with the Internal Group of RBI on Rural Credit and Microfinance (popularly known as the Khan Committee) as the chairman.  Based on the recommendations of the Khan Committee, the Reserve Bank issued guidelines to expand the banking outreach through Business Facilitators and Business Correspondents with ICT support for spearheading financial inclusion in the country.

As Executive Director, Shri Khan represented the Reserve Bank on the Working Group on the G-20 on “Reinforcing International Cooperation & Market Integrity” and the Committee on Global Financial Systems (CGFS) of the Bank for International Settlement (BIS).

Shri Khan was also the Nominee Director of RBI on the boards of Dena Bank, Bank of Maharashtra, Punjab and Sind Bank, Bank of Rajasthan and the Orissa State Finance Corporation (OSFC).

Shri Khan joined Reserve Bank in 1978 after his Masters in Political Science from Utkal University, Bhubaneswar and Masters in Philosophy from the School of International Studies, Jawaharlal Nehru University, New Delhi.  Shri Khan is a Certified Associate of the Indian Institute of Banking and Finance (CAIIB) and holds Diploma in Business Management (DBM).  He is married to Rosy and has a daughter, Sara.

The portfolios of Deputy Governors are as under:

Dr. K.C. Chakrabarty

1. Customer Services Department
2. Department of Administration and Personnel Management
3. Department of Banking Supervision
4. Department of Currency Management
5. Financial Stability Unit
6. Human Resources Development Department
7. Rural Planning and Credit Department
8. Secretary's Department
9. Co-ordination Work

Dr. Subir Gokarn 

1. Department of Communication
2. Department of Economic Policy and Research
3. Deposit Insurance and Credit Guarantee Corporation
4. Department of Statistics and Information Management
5. Financial Markets Department
6. Monetary Policy Department
7. Rajbhasha Department
8. Right to Information (RIA)

Shri Anand Sinha

1. Department of Banking Operations and Development
2. Department of Expenditure and Budgetary Control
3. Department of Information Technology
4. Department of Non-Banking Supervision
5. Legal Department
6. Premises Department
7. Urban Banks Department

Shri H.R. Khan

1. Central Security Cell
2. Department of External Investments and Operations
3. Department of Government and Bank Accounts
4. Department of Payment and Settlement Systems
5. Foreign Exchange Department
6. Internal Debt Management Department
7. Inspection Departments

Shri Anand Sinha took over today as Deputy Governor of the Reserve Bank of India. As Deputy Governor, Shri Sinha has been appointed for a period upto February 28, 2013. He will look after two regulatory departments, namely, Department of Banking Operations and Development and Urban Banks Department. He will also look after the Departments of Information Technology, Expenditure and Budgetary Control, Inspection, Legal and Premises.

Prior to being appointed as the Deputy Governor, Shri Sinha was Executive Director, Reserve Bank of India and looked after Department of Banking Operations and Development, Financial Stability Unit and the Department of Expenditure and Budgetary Control.

Shri Sinha’s central banking career has spanned over 34 years. He has been involved with formulation of several major regulatory and supervisory policies for commercial banks. He has also been on several internal committees. He has handled, among others, foreign exchange, deposit insurance and regional office work during his career.

As Executive Director, he represented India and the Reserve Bank on several international committees. He was Reserve Bank of India’s alternate representative in the Basel Committee on Banking Supervision (BCBS), Bank for International Settlements (BIS), Basel, Switzerland. He also represented the Reserve Bank on three sub-committees/ work streams of the BCBS, namely, Policy Development Group (PDG), Macro Prudential Supervision Group (MPG) and Macro Variable Task Force (MVTF). Till recently, he represented the Reserve Bank on the Committee on Global Financial Systems (CGFS), BIS since December 2005. He was a member of the CGFS Working Group on Capital Flows to Emerging Market Economies. He represented India on the G20 Working Group on “Enhancing Sound Regulation and Strengthening Transparency” set up in the aftermath of the crisis. Shri Sinha was also the Reserve Bank’s nominee director on the boards of Dena Bank, Allahabad Bank, Bank of Baroda, Indian Overseas Bank, Deposit Insurance and Credit Guarantee Corporation and Export Credit and Guarantee Corporation at different phases of his career.

Shri Sinha joined the Reserve Bank in 1976 after his Masters in Physics from the Indian Institute of Technology, Delhi. He is married to Sheela and has two sons.

Dr. Subir Vithal Gokarn has today taken over as the Deputy Governor of the Reserve Bank of India. Dr. Gokarn has been appointed Deputy Governor for three years from the date of his taking over. He will be the fourth Deputy Governor, the other three being Smt. Shyamala Gopinath, Smt. Usha Thorat and Dr. K.C. Chakrabarty. As Deputy Governor, Dr. Gokarn will look after the Monetary Policy Department, Department of Economic Analysis and Policy, Department of Statistics and Information Management, Department of Communication and Deposit Insurance and Credit Guarantee Corporation. Dr. Gokarn will also represent the Reserve Bank at the G-20 Deputies’ forum.

Prior to joining the Reserve Bank, Dr. Gokarn was Chief Economist of Standard & Poor’s Asia-Pacific, based in New Delhi. He assumed this position in August 2007 after having been Executive Director and Chief Economist of CRISIL, in which Standard & Poor’s acquired a majority stake in 2005. During his five-year tenure at CRISIL, besides his role as Chief Economist, he performed a variety of roles, including heading CRISIL’s research group and membership of the board of CRISIL and a number of its subsidiary companies.

Prior to joining CRISIL in 2002, he was Chief Economist and Industrial Finance Corporation of India (IFCI) Chair in Industrial Development at the National Council of Applied Economic Research (NCAER), New Delhi (2000-2002) and Associate Professor at the Indira Gandhi Institute of Development Research (IGIDR), Mumbai (1991-2000).

Dr. Gokarn graduated from St. Xavier’s College, Mumbai, with a B.A. (Hons.) in Economics (1979) and from the Delhi School of Economics with an M.A. in Economics (1981). After a two-year stint with the Bureau of Industrial Costs and Prices, he went on to pursue a Ph.D. in Economics at Case Western Reserve University, USA, which he received in 1989. His thesis work was on the impact of capital market liberalisation on industrial performance in South Korea. In 1997, he was awarded a Fulbright Research Fellowship, on which he spent an academic year at the Economic Growth Centre at Yale University, USA.

Industrial Economics, Monetary Economics, Corporate Finance have been Dr. Gokarn’s strengths. His academic research has straddled a number of areas, including industry, infrastructure and comparative studies of the East Asian economies, besides macroeconomics. He has authored a number of published works and project reports, including two co-authored books on the East Asian growth process and a co-edited volume on the structure of Indian industry.

He has contributed a fortnightly column on current economic issues to the Business Standard for 13 years. He was also a member of the Board of India Today Economists during 2002-09. He has regularly participated in committees and other activities organised by industry associations, academic institutions, government agencies and civil society organisations.

Born on October 3, 1959, Dr. Gokarn is married to Dr. Jyotsna Bapat, an independent researcher and consultant. They have a daughter, Kanak.

The Government of India today re-appointed Dr. Subir Vithal Gokarn as the Deputy Governor of the Reserve Bank of India for a further period till December 31, 2012 or till a regular appointment is made or until further orders, whichever is earlier.

Dr. Subir Vithal Gokarn was appointed as Deputy Governor in November 2009 for a period of three years from the date of his taking charge or until further orders, whichever was earlier. Dr. Subir Vithal Gokarn took charge as Deputy Governor of the Reserve Bank of India on November 24, 2009.

Dr. Kamalesh Chandra Chakrabarty has today taken over charge as Deputy Governor of the Reserve Bank of India. Government of India notified the appointment by its order dated June 5, 2009. The appointment is for a period of three years from the date of his taking charge or until further orders, whichever is earlier.

Dr. Chakrabarty will oversee Customer Service Department, Department of Administration and Personnel Management, Department of Information Technology, Department of Payment and Settlement Systems, Human Resources Development Department, Rajbhasha Department, Rural Planning & Credit Department, Urban Banks Department and he will be the Alternate Appellate Authority under the Right to Information Act, 2005.

Born on June 27, 1952, Dr. Chakrabarty has outstanding academic credentials. He is a second rank holder in his bachelor’s degree in science, first rank holder gold medalist in M.Sc statistics and has a doctorate in statistics. He started his career in teaching and research at the Benaras Hindu University and went on to have a long and distinguished career of 26 years at the Bank of Baroda in various capacities. Dr. Chakrabarty had exposure in banking operations and administration, including planning, management information system and economic research, development banking, Lead Bank Scheme, priority sector lending, resource management and investment banking, launching of new products and services, integrated treasury operations, risk management and corporate accounts, international banking and global syndication. He was posted as Chief Executive looking after United Kingdom Operations of the bank between 2001 and 2004 before being elevated as Executive Director of Punjab National Bank in 2004. He held the posts of Chairman and Managing Director of Indian Bank and Punjab National Bank and Chairman, Indian Banks’ Association before taking charge as Deputy Governor in the Reserve Bank of India.

Smt. Usha Thorat has today taken over as Deputy Governor of the Reserve Bank of India. Her appointment is for a period of five years.

Smt. Thorat held the post of Executive Director of the RBI since April 2004.

Born on February 20, 1950, Smt. Thorat received her masters degree in economics from Delhi School of Economics.

Smt. Thorat, who joined the Reserve Bank in April 1972, has vast experience in cash and debt management of central and state governments, government securities market development and regulation, financial markets, forex reserve management, foreign exchange management, banking regulation and supervision and payment and settlement systems. She was a member of faculty at Reserve Bank Staff College and has also served in the RBI's Guwahati Office.

She has been on the boards of Bank of Baroda, Indian Overseas Bank and the Securities Trading Corporation of India.

Smt. Thorat was on important Committees of RBI, viz., Group on Instruments of Sterilisation, Group of State Finance Secretaries on Fiscal Risk of Guarantees, Group on Ways and Means Advances to State Governments and Committee on Capital Account Convertibility.

She is presently member of the Committee on Global Financial Systems of the Bank for International Settlements and also served as a member of the International Task Force on Security Settlement Systems set up by the International Organisation of Securities Commissions of the Bank for International Settlements.

Smt. Thorat's hobbies include bird watching and yoga.

Smt. Shyamala Gopinath, Deputy Governor is reappointed Deputy Governor of the Reserve Bank of India up to June 20, 2011. Smt. Gopinath was earlier appointed as Deputy Governor on September 21, 2004 for a period of five years.

Smt. Gopinath looks after Internal Debt Management Department, Foreign Exchange Department, Department of Government and Bank Accounts, Department of Non-Banking Supervision, Department of External Investments and Operations, Financial Markets Department, Secretary's Department, Department of Communication and Legal Department.

Smt. K J Udeshi has been today appointed as a Deputy Governor of the Reserve Bank of India. The Government of India has, in its notification issued today, stated that she will hold charge as the Deputy Governor till October 12, 2005 when she attains the age of 62 or until further orders.

Born in 1943, Smt. Udeshi is a post graduate in Economics, is a diploma holder in Bank Management from National Institute of Bank Management and is a Certificated Associate of the Indian Institute of Bankers (CAIIB). Joining the Reserve Bank in 1965, she rose from the ranks and was appointed as Executive Director in 2001. She has had a long stint in exchange control and the Reserve Bank's internal administration and human resources departments.

Dr. Rakesh Mohan took over as Deputy Governor of the Reserve Bank of India today. His appointment is for a period of three years.

Dr. Mohan has been appointed Deputy Governor in place of Dr. Y.V. Reddy who has been appointed as Executive Director, International Monetary Fund.

As Deputy Governor, Dr. Mohan will look after the Monetary Policy Department, Department of External Investments and Operations, Internal Debt Management Cell, Department of Economic Analysis and Policy, Department of Statistical Analysis and Computer Services, Department of Government and Bank Accounts and Department of Expenditure and Budgetary Control.

Born on January 14, 1948, Dr. Rakesh Mohan received his Masters degree and Doctorate in Economics from Princeton University, and BA in Economics from Yale University. He is also a Bachelor of Science in Electrical Engineering from Imperial College of Science and Technology, University of London.

Dr. Rakesh Mohan has researched extensively in the areas of economic reforms and liberalisation, industrial economics, urban economics, infrastructure studies and economic regulation. He is the author of three books on urban economics and urban development and co-author of one on Indian economic policy reforms, and of numerous articles.

Prior to taking over as Deputy Governor of the Reserve Bank, Dr. Rakesh Mohan was Director and Chief Executive of the Indian Council for Research and International Economic Relations and Vice Chairman, Infrastructure Development Finance Company. He also held the position of Adviser to the Finance Minister and Chief Economic Adviser between January 4, 2001 and May 15, 2002. He is also Member of the Economic Advisory Council to the Prime Minister; Member of the Telecom Regulatory Authority of India; Member of the Board of Governors, Institute of Economic Growth; Member, Board of Governors, National Institute of Public Finance and Policy; Member, Governing Body, National Council of Applied Economic Research; Member, Board of Governors, Madras School of Economics.

He chaired the Expert Group on Railways (1999-2001); Expert Group on Commercialisation of Infrastructure Projects (1994-96), and the Expert Group on Petrochemicals (1992-93).

The Government of India has re-appointed Shri Vepa Kamesam as a Deputy Governor of the Reserve Bank of India for the period from July 1, 2003 to September 23, 2003, when he will attain the age of 62 years or until further orders.

Shri Kamesam was originally appointed as a Deputy Governor of the Reserve Bank of India, on July 1, 2001, for a period of two years or till he attained the age of 62 years, whichever was earlier.

Shri D. R .. Mehta today took over as Deputy Governor of the Reserve Bank of India. Shri Mehta's term will be upto June 30, 1995. An IAS of 1961 batch, Shri Mehta served the Government of Rajasthan as Secretary (Industries), Secretary to the Chief Minister and Secretary (Mines) between 1976 and 1989. He has also served the Government of India as Secr etary (Department of Banking), Controller of Capital Issues, Secretary of Committee of Financial Policy, Cabinet Secretariat, and Additional Secretary, Department of Banking (Department of Economic Affairs}, Ministry of Finance: Prior to coming to the RBI, Shri Mehta was Chief Controller of Imports & Exports in the Ministry of Commerce. At the RBI, Shri Mehta will look after Department of Banking . Operations & Development, Industrial & Export Credit Department, Urban Banks Department, Rural Planning and Credit Department, Department of Currency Management, Premises Department, Deposit Insurance & Credit 'Guarantee Corporation, and Financial Sector Reform Cell. Shri Mehta will also look after setting up of the proposed Board for Financial Supervision