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RBI appoints 3 new EDs

The Reserve Bank of India appointed three new EDs and reorganized some departments. With the new appointments, RBI now has 11 EDs. It promoted M D Patra, principal advisor in the monetary policy department, as ED in charge of the monetary policy department and the department of economic policy and research. These departments were earlier handled by D. Mohanty, ED, who will not take care of the financial stability unit and the inspection and risk monitoring department. The other two EDs appointed are K.K. Vohra and G Mahalingam. The department of banking operations and development has been renamed department of banking regulation. Similarly, the department of non-banking supervision will now be called department of non-banking regulation. Both the departments will now come under the purview of N.S. Vishwanathan, while Chandan Sinha will head banking supervision

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