RBI's new Deputy Governor Acharya to take charge on Jan 20

Viral V Acharya will assume the charge as Deputy Governor of the Reserve Bank of India (RBI) from 20th of January, 2017. He has been appointed for a term of three years, with effect from 20th of January. 

The RBI in a release said, as Deputy Governor, Mr. Acharya will look after the Monetary Policy and Research cluster. He will fill the post that fell vacant after Urjit Patel was made RBI Governor to succeed Rajan with effect from 4th of September. The existing three Deputy Governors of RBI are SS Mundra, N S Vishwanathan and R Gandhi.

The Government



through a notification yesterday announced the appointment of Acharya who is currently serving as Professor of Economics, Department of Finance at the New York University-Stern School of Business since 2011. Born in India on March 1, 1974, Acharya holds a PhD in Finance from the Stern School of Business, New York University.

At present, he is also the Member of the Advisory Council of the Reserve Bank of India Academy. Among others, he also is the Member of the Academic Council of National Institute of Securities Markets, Securities and Exchange Board of India.