NS Vishwanathan has been appointed as Deputy Governor of the Reserve Bank of India, replacing H R Khan who will retire next week. Vishwanathan, currently Executive Director at the central bank, was chosen by a search committee headed by Cabinet Secretary - the first appointment to be done through this panel.
The Appointments Committee of Cabinet, headed by Prime Minister Narendra Modi, has approved of Vishwanathan's appointment, an official source said. A formal order of his appointment will be issued soon, he said. When contacted, Vishwanathan said he has not got any formal appointment letter yet and has only heard of the news through media.
He will replace Harun R Khan, who will superannuate on July 7 on turning 62. All appointments of Deputy Governors to RBI were previously done by a panel headed by RBI Governor. But for the first time, a Deputy Governor's appointment has been made through recommendations of the Financial Sector Regulatory Appointment Search Committee headed by Cabinet Secretary P K Sinha.