Mr. Harun Rashid Khan has been appointed as new Deputy Governor of Reserve Bank of India for a tenor of three years. It has come to light that RBI Governor D Subbarao suggested the name of Mr. HR Khan and G Gopalakrishna for the post of Deputy Governor.

As a new Deputy Governor, Mr. HR Khan will be responsible for handling portfolios like Central Security Cell, Department of External Investments and Operations, Department of Government and Bank Accounts, Department of Payment and Settlement Systems, Internal Debt, Foreign Exchange Department, Management Department and Inspection Department.

Before accepting the post of Deputy Governor, Mr. HR Khan has worked as Executive Director with RBI for four years. However, till now he has been working with RBI for about 32 years and has shouldered various responsibilities.

Mr. HR Khan is a well qualified person. After completing his masters in political science from Utkal University in 1978 he joined the banking regulator. He has been recognized by the Indian Institute of Banking and Finance and even holds a diploma in business management.

Meanwhile, it has been revealed that G Padmanabhan has been appointed as new Executive Director (ED) of the RBI. As ED he will be required to look after IT, Payment and Settlement Systems and Foreign Exchange.