Reserve Bank of India names new deputy governors

INDIA - India has appointed two new deputy governors for the Reserve Bank of India (RBI) and has extended the term of Y.V. Reddy who was to step down in August.

"We have received notification from the finance ministry appointing Vepa Kamesam and G.P. Munniappan as deputy governors," a central bank spokeswoman said.

She said Reddy has got a two-year extension. The new deputy governors will start office next month.

Kamesam is currently managing director of the State Bank of India, India's largest