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Current Affairs

RBI Deputy Governor N S Vishwanathan Quits Ahead of Retirement

Current context: Reserve Bank of India deputy governor NS Vishwanathan has announced early retirement on 31st March 2020.
RBI Deputy Governor N S Vishwanathan Quits Ahead of Retirement
  • He has quit three months ahead of his retirement in June 2020 due to health reasons.
  • He was currently looking after the Key departments such as non-banking regulation, deposit insurance, banking regulation, co-operative banking, financial stability and inspection.
  • Vishwanathan has been a lifetime regulator after he joined the RBI in 1981.
  • He was first appointed as RBI deputy governor in 2016 for a term of three years.
  • He was given a one-year extension in June 2019 after Shaktikanta Das became the governor.
  • He had been the RBI’s face for the past few years at the Basel-based Bank for International Settlement (BIS).
  • The central bank has four Deputy Governors to head the monetary policy department:
    • Two from within the ranks
    • One commercial banker
    • One economist
  • Presently, the MPC consists of Dr. M. D. Patra, M. K. Jain, B.P. Kanungo and N. S. Vishwanathan.

Question: 

Q.1 Which RBI Deputy Governor has recently announced early retirement on 31st March 2020, three months ahead of his retirement in June 2020?
a. M. D. Patra
b. M. K. Jain
c. B.P. Kanungo
d. N. S. Vishwanathan
RBI Deputy Governor N S Vishwanathan Quits Ahead of Retirement RBI Deputy Governor N S Vishwanathan Quits Ahead of Retirement Reviewed by Neha Verma on March 07, 2020 Rating: 5

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