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Mumbai: The Reserve Bank of India (RBI)
named executive director HR Khan as a new deputy governor,
effective Monday, for a period of three years. Khan has replaced
Shyamala Gopinath, one of the four deputy governors, who retired
last month.
Khan will be in charge of the Department of External Investments
and Operations, Foreign Exchange Department, Internal Debt
Management Department and Inspection Department and some others,
the Reserve Bank of India said in a release.
RBI has four deputy governors. They
serve for five years or till the age of 62, whichever is earlier.
Khan was an executive director (ED)
at RBI since October 2007. He is credited with evolving the
information communication technology-based business correspondent
model for financial inclusion. He chaired the RBI internal
committee on rural credit and microfinance. Based on the
recommendations, RBI had issued guidelines to expand banking
outreach through business correspondents.
As an ED, Khan was in charge of the department of external
investments and operations, the foreign exchange department and
internal debt management, among others.
He joined RBI in 1978, after a Masters in political science from
Utkal University, Bhubaneswar, and an M.Phil from the School of
International Studies, Jawaharlal Nehru University, Delhi.
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