The government appointed Bibhu Prasad Kanungo as a deputy governor of the Reserve Bank of India (RBI) on Friday.
In a notification on its website, the Appointments Committee of the Cabinet (ACC) said that Kanungo will take charge on 3 April, after present deputy governor R. Gandhi’s retirement.
Kanungo is a career central banker and was appointed as an RBI executive director on 1 March 2016. He has been incharge of the foreign exchange department, internal debt management department and department of government and bank accounts.
Earlier, he has also held positions of regional director at the Jaipur and Kolkata offices of the Reserve Bank and has been the banking ombudsman for Madhya Pradesh and Chhattisgarh. Kanungo, a post graduate in Arts, is a certified associate of the Indian Institute of Bankers. He also holds a bachelor’s degree in law.