MUMBAI, July 31 India's central bank said on
Thursday it had appointed former Bank of Baroda
Chairman S.S. Mundra as a deputy governor for a term of three
Mundra will look after departments including banking
supervision, currency management, and financial stability, the
Reserve Bank of India said in a statement.
This portfolio was previously handled by former deputy
governor K.C. Chakrabarty, who had resigned in April.
With the appointment of Mundra, the RBI now has four deputy
State-run Bank of Baroda had earlier said Mundra had stepped
down as chairman and managing director effective as of Thursday.
(Reporting by Neha Dasgupta)