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RBI names HR Khan as new deputy governor

Wednesday July 06, 2011 06:01:59 PM, Agencies

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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