Shri R. Gandhi has been appointed Deputy Governor of the Reserve Bank of India today. According to the notification issued by the Government of India, Shri Gandhi has been appointed Deputy Governor for a period of three years from the afternoon of Thursday, April 03, 2014. Shri Gandhi was Executive Director of the Reserve Bank before being elevated to the post of Deputy Governor.

Shri Gandhi will look after the following portfolios: 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.

Having joined the Reserve Bank of India in 1980, Shri Gandhi has built, over these thirty three years, 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 a three-year secondment to the Securities and Exchange Board of India (SEBI). He has also been the head of two regional offices of the Reserve Bank and held charge as the Director of the Institute for Development and Research in Banking Technology (IDRBT), Hyderabad. He was the Executive Assistant to the Governor of the Reserve Bank of India for three years. He was also a Reserve Bank nominee on the Board of Directors of four public sector banks (at different points in time) for five years. He has been associated with various committees, working groups and task forces.

Born in 1956, Shri Gandhi has a Master’s degree in Economics from the Annamalai University, in Tamil Nadu, India. He also has post graduate level certificates in Management Information System from The American University, Washington DC, USA and in Capital Market from the City University of New York, New York, USA. He has taken special courses on Mathematical Economics, Econometrics, Development Banking and International Economics from The American University and the George Washington University, Washington DC, USA. 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 the Madurai University, Tamil Nadu, India.

Alpana Killawala

Principal Chief General Manager

Deputy Governor appointment: R. Gandhi to oversee banking operations, non banking supervision, IT, legal and risk monitoring. Appointment of Shri R. Gandhi as Deputy Governor of the Reserve Bank of India for a three-year term, elevated from Executive Director, with assigned portfolios including Banking Operations and Development, Non-Banking Supervision, Urban Banks, Expenditure and Budgetary Control, Information Technology, Legal, Premises and Risk Monitoring; supported by extensive RBI experience in payments, IT, market operations, currency management, HR and regulatory secondment experience.