November 06, 2024 02:43 (IST)
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RBI: Sudarshan Sen is the new Executive Director as N. S. Vishwanathan becomes Deputy Governor
Mumbai, July 5 (IBNS): N. S. Vishwanathan took over as Deputy Governor of the Reserve Bank of India (RBI) and Sudarshan Sen as the new Executive Director of the central bank on Monday.
Vishwanathan, who was appointed by the Government of India on Jun 29, will be holding the post for a period of three years from the date of his taking over charge of the post or until further orders, whichever is earlier.
He was the Executive Director of the RBI immediately before this. before being elevated to the post of Deputy Governor. A career central banker, he joined the RBI in 1981.
As Deputy Governor, 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.
With Vishwanathan promoted to Deputy Governor post, Sudarshan Sen has taken over as the new Executive Director at the RBI. He will look after Department of Banking Regulation, Department of Co-operative Banking Regulation and Department of Non-Banking Regulation.
Also a a career central banker who has long association with bank supervision and regulation, Sen was in charge of the Department of Banking Regulation before taking over as Executive Director. He has also been Regional Director of Ahmedabad office of the Reserve Bank.
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