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December 28, 2016

Meet the new Deputy Governor of RBI - Viral Acharya

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The Reserve Bank of India (RBI) has today appointed Viraj Acharya as it's new Deputy Governor. He is going to replace Urjit Patel who was promoted to Governor earlier this year. He will be in this post for 3 years. He is taking over at a time when the central bank is facing criticism for repeated changes in the rules related to deposit and withdrawal of money, post-demonetisation.

Before his appointment to the RBI, he has been serving as CV Starr professor of economics at the
New York University Stern School of Business since 2008. Acharya teaches at the Stern School of Business in New York university. According to his resume, he has research interests in regulation of banks, corporate finance, credit risk and asset pricing.
Current Deputy Governors of RBI :
  • NS Vishwanathan, 
  • SS Mundra, 
  • R Gandhi 
  • Viraj Acharya
Governor of RBI : Urjit Patel. 

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