B.P. Kanungo appointed RBI deputy governor in place of R. Gandhi

Along with Kanungo’s appinment as RBI deputy governor, Sun Pharma promoter Dilip Shanghvi was named as member, Western Local Board


B.P.Kanungo was appointed deputy governor in Reserve Bank of India in place of R. Gandhi. Photo: Mint
B.P.Kanungo was appointed deputy governor in Reserve Bank of India in place of R. Gandhi. Photo: Mint

Mumbai: The government appointed B.P. 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.

The ACC has also named Dilip S Shanghvi as member, Western Local Board of RBI. The appointment of Shanghvi, the promoter of Sun Pharmaceutical Industries Limited, to the post is for a period of four years.

PTI contributed to this story.

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