Gopinath to handle Thorat's departments for now- Business News
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Gopinath to take up Thorat's dept

Though Anand Sinha, an Executive Director at the central bank, was late last month selected as the successor to Usha Thorat, he is yet to get orders to assume office.

 PTI   
  • Mumbai,  November 11, 2010  
  • |  
  • UPDATED   14:35 IST

The Reserve Bank of India on Wednesday said Shyamala Gopinath, the senior-most among the three deputy governors now, will temporarily handle the departments under Usha Thorat after she retired as a Deputy Governor on Tuesday.

"The portfolios handled by Thorat will temporarily be looked after by Gopinath until further orders," the central bank said in a release on Wednesday.

During her deputy governorship, Thorat was handling the key departments of banking operations and development, banking supervision, currency management, rural planning, credit department and financial inclusion among others.

Though Anand Sinha, an Executive Director at the central bank, was late last month selected as the successor to Thorat, he is yet to get the orders from the Finance Ministry to assume office.

Thorat, who joined RBI way back in 1972, was appointed deputy governor in November 2005.