The Reserve Bank has re-allocated portfolios of the 3 deputy governors and has given the key monetary policy and forecasting department to B.P. Kanungo. The department, including forecasting and modelling unit, was earlier looked after by Viral Acharya, who resigned from the bank and ended his tenure on 23 July. The 3 existing deputy governors – N.S. Vishwanathan, B.P. Kanungo and M.K. Jain – will handle the departments as the government has not announced a successor to Acharya. In addition to his earlier portfolios, Kanungo will also look after economic and policy research and statistics and information management. He will also become a member of the RBI’s Monetary Policy Committee. Jain has been given additional charge of corporate strategy and budget, financial stability unit and human resource management. He will be in charge of the right to information division.
