R Gandhi appointed RBI deputy governor

R Gandhi appointed RBI deputy governorR Gandhi who was executive director of the Reserve Bank of India has been elevated to deputy governor.

According to the notification issued by the government of India, Gandhi has been appointed deputy governor for a period of three years from the afternoon of Thursday, 3 April 2014.

Gandhi will look after the portfolios of the department of banking operations and development, department of non-banking supervision, urban banks department, department of expenditure and budgetary control, department of information technology, legal department, premises department and risk monitoring department.

Gandhi who joined the Reserve Bank of India in 1980, has acquired expertise and experience in varied fields, which include payment systems and information technology, financial markets (money, securities, forex and capital market) operations and regulation, currency operations and management, personnel and human resources management, industrial credit and international banking.

He had been deputed to the Securities and Exchange Board of India (SEBI) for a three-year period and has also been the head of two regional offices of the RBI and held charge as director of the Institute for Development and Research in Banking Technology (IDRBT), Hyderabad.

He was executive assistant to the governor of the Reserve Bank of India for three years.

He was also a Reserve Bank nominee at different points in time on the board of directors of four public sector banks for five years. He has been associated with various committees, working groups and task forces.

Born in 1956, Gandhi has a master's degree in economics from the Annamalai University and a post graduate level certificates in management information system from The American University, Washington, and in capital market from the City University of New York.

He has taken special courses on mathematical economics, econometrics, development banking and international economics from The American University and the George Washington University, Washington.

His technical education includes a certificate course in system programming from the IBM Education, Sydney, Australia and courses in Oracle, assembly language, networking etc. He has a certificate in Gandhian Thoughts from Madurai University, Tamil Nadu, according to an RBI release.