The central government today reappointed NS Vishwanathan as RBI deputy governor for a period of one year. His first term was to end on July 5.
Vishwanathan is considered as a strict and committed officer and the best person to deal with the problems of the financial sector.
Former RBI deputy governor HR Khan, who was succeeded by Vishwanathan, said he was delighted with the extension. "I wish he had got an extension for at least two years, but nevertheless it is good for continuity given his capacity and commitment. We have to provide some continuity in terms of banking regulations and in the non-banking segment,” he noted.
“He is a man who focuses on prudential and stability aspects, who when needed, can also be pragmatic. He is not rigid or inflexible,” Khan added.