Mundra named RBI deputy governor

Subhash Sheoratan Mundra

Subhash Sheoratan Mundra was appointed deputy governor at the Reserve Bank of India (RBI) this week – filling the vacancy created by Kamalesh Chakrabarty's resignation in April.

Mundra joins from Bank of Baroda, India's second largest bank according to the RBI, where he has served as chairman since January 2013. He has held a number of senior posts in the banking sector.

At the RBI he will be responsible for banking supervision, currency management, financial stability, rural credit and customer

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