CRISIL's Subir Gokarn takes over as RBI deputy governor

Subir Vithal Gokarn today took over as deputy governor of the Reserve Bank of India. He will hold the office of RBI deputy governor for three years from the date of his taking over.

Gokarn will be the fourth deputy governor of RBI, the other three being Shyamala Gopinath, Usha Thorat and KC Chakrabarty, an RBI release said.

As deputy governor, Gokarn will look after the monetary policy department, department of economic analysis and policy, department of statistics and information management, department of communication and Deposit Insurance  and Credit Guarantee Corporation, the RBI release said, adding that he will also represent the RBI at the G-20 deputies' forum.

Prior to joining the RBI, Gokarn was chief economist at Standard & Poor's Asia-Pacific, based in New Delhi. He has earlier been serving as executive director and chief economist of CRISIL, in which Standard & Poor's acquired a majority stake in 2005.

Prior to joining CRISIL in 2002, he was chief economist and Industrial Finance Corporation of India (IFCI) Chair in industrial development at the National Council of Applied Economic Research (NCAER), New Delhi (2000-2002) and associate professor at the Indira Gandhi Institute of Development Research (IGIDR), Mumbai (1991-2000).

Gokarn graduated from St Xavier's College, Mumbai, with a BA (Hons) in Economics (1979) and from the Delhi School of Economics with an MA in Economics (1981). After a two-year stint with the Bureau of Industrial Costs and Prices, he went on to pursue a PhD programme in Economics at Case Western Reserve University, US, which he received in 1989.