B P Kanungo was appointed Deputy Governor in Reserve Bank of India (RBI) for three years on Friday.
The Appointments Committee of Cabinet (ACC) has approved his appointment to the post.
He has been appointed in place of R Gandhi. Kanungo was appointed as Executive Director in the RBI in March 2016.
Dilip S Shanghvi is appointed as Member in Western Local Board of RBI for a period of four years.