M Rajeshwar Rao appointed deputy governor of RBI
The government appointed RBI’s senior-most executive director M Rajeshwar Rao as the deputy governor of the central bank.
Daily Current Affairs Quiz 2020
Key-Points
Rao was appointed to the post vacated by N S Vishwanathan, who stepped down three months ahead of his extended tenure on health grounds.
The RBI needs four Deputy Governors: two from within the ranks, a commercial banker and an economist to head the monetary policy department.
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