Anand Sinha Appointed Deputy Governor of RBI

Anand Sinha on 18 January 2011 took over as Deputy Governor of the Reserve Bank of India. As Deputy Governor Sinha will remain in office till 28 February 2013. He will look after two regulatory departments- Department of Banking Operations and Development and Urban Banks Department. Sinha will also look after the Departments of Information Technology, Expenditure and Budgetary Control, Inspection, Legal and Premises.

Sinha joined the Reserve Bank in 1976 after his Masters in Physics from the Indian Institute of Technology, Delhi. Prior to being appointed as the Deputy Governor he was Executive Director, Reserve Bank of India and looked after Department of Banking Operations and Development, Financial Stability Unit and the Department of Expenditure and Budgetary Control.

Sinha’s central banking career has spanned over 34 years during which he has been involved with formulation of several major regulatory and supervisory policies for commercial banks. He has also been on several internal committees. He has experience of handling foreign exchange, deposit insurance and regional office work during his career.  He was Reserve Bank of India’s alternate representative in the Basel Committee on Banking Supervision (BCBS), Bank for International Settlements (BIS), Basel, Switzerland.