B.P. Kanungo has been appointed deputy governor of the Reserve Bank of India. He is expected to take charge on 3 April after incumbent R. Gandhi retires from service. Kanungo is at present an executive director in RBI. He has been a career central banker. As deputy governor, he will be in charge of the foreign exchange department, internal debt management department and department of government and bank accounts. Kanungo had earlier held positions of regional director at the Jaipur and Kolkata offices of the RBI and has been the banking ombudsman for Madhya Pradesh and Chhattisgarh. A post graduate in arts, he is a certified associate of the Indian Institute of Bankers. He also holds a bachelor’s degree in law. Meanwhile, the government has appointed Dilip S. Sanghvi, promoter of Sun Pharmaceuticals as a member of the Western Local Board of the RBI.
