Acharya had earlier tendered his resignation as the RBI deputy governor citing personal reasons and he relinquished office on Tuesday. Kanungo, who had taken over as RBI deputy governor from April 3, 2017, will now handle the monetary policy department. The MPC has three members from the RBI — governor Shaktikanta Das, executive director Michael D. Patra and a deputy governor in charge of the monetary policy department. Vishwanathan, who was recently given a one-year extension by the Centre, will look after the departments of banking regulation, communication, co-operative banking regulation, non-banking regulation, enforcement and financial markets operations. Jain will handle the departments of banking supervision, co-operative banking supervision, non-banking supervision, consumer education and protection, financial inclusion and development and the financial stability unit among others.

Source: The Telegraph July 23, 2019 19:26 UTC