MUMBAI (Reuters) - The Reserve Bank of India said on Monday that newly appointed Deputy Governor Urjit Patel will look after the bank's monetary policy department and financial markets among other functions.
Earlier in the day, the central bank said Patel has taken over as a deputy governor in a three-year tenure.
Patel will also look after the departments of economic policy and research, communication and statistics and information management among others, the RBI said in a statement.
Patel replaced Subir Gokarn, who headed the monetary policy department and whose term as a deputy governor ended on December 31. (Reporting by Shamik Paul; Editing by John Stonestreet)
Trending On Reuters
State Bank of India , the country's largest lender, may offer employee share options, recruit specialists and promote faster - radical changes that promise to shake up a bloated, debt-heavy sector. Full Article
Weak demand weighs on China factory, services firms in March, more easing seen Full Article