B P Kanungo of Odisha was appointed Deputy Governor in Reserve Bank of India (RBI) for three years. The Appointments Committee of Cabinet (ACC) has approved his appointment to the post with effect from the date of taking over the charge on or after April 3, an order issued by personnel ministry said.He has been appointed in place of R Gandhi, it said.
Kanungo was in March last year appointed as executive director in the central bank.
Kanungo, who will have a 3-year term, has been earlier the RBI’s regional director in Jaipur and Kolkata and the banking ombudsman for Madhya Pradesh and Chhattisgarh. With a post graduation degree in Arts, Kanungo is Certified Associate of Indian Institute of Bankers and also holds a degree in Law (LLB) from Utkal University.