Among other things, Kanungo served as deputy governor responsible for currency management, external investments, operations, payments and settlement systems.
Reserve Bank of India (RBI) Deputy Governor BP Kanungo resigned when his term ended on Friday April 2nd.
Kanungo assumed the post of deputy governor of the central bank in April 2017. His term of office expired in April 2020, but was extended by one year effective April 3, 2020.
With Kanungo’s resignation, expectations for a further extension have come to an end, Mint reported.
Among other things, Kanungo served as deputy governor responsible for currency management, external investments, operations, payments and settlement systems.
Mahesh Kumar Jain, MD Patra, and Rajeshwar Rao are the other deputy governors of the central bank.
Previously, there were reports that the RBI had canceled interviews for the post of deputy governor scheduled for March 10, leading to speculation that Kanungo would receive an extension.
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