rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News 
Rediff.com  » Business » Reserve Bank ED G Gopalakrishna takes VRS

Reserve Bank ED G Gopalakrishna takes VRS

April 21, 2014 16:43 IST

RBI executive directorReserve Bank of India executive director G Gopalakrishna has voluntarily retired from the service and joined as director of Centre for Advanced Financial Research and Learning.

CAFRAL, a not-for-profit organisation, is an independent body fully funded by the RBI.

Gopalakrishna took voluntarily retirement from the service with effect from April 20 to take over charge as director of CAFRAL on April 21, 2014, RBI said in a statement.

Gopalakrishna's name was in the reckoning for Deputy Governor in place of Anand Sinha who retired in January.

He was the senior most among nine executive directors who appeared before the search panel headed by RBI Governor Raghuram Rajan. However, R Gandhi was selected for the post of Deputy Governor earlier this month.

A career central banker, Gopalakrishna joined the RBI in August 1980 and in a distinguished career spanning more than 33 years has worked in the areas of regulation and supervision of the banking sector, foreign exchange management, supervision of non-banking finance companies sector, payments systems, etc.

He was appointed as Executive Director on October 26, 2007, and looked after banking supervision, financial stability and communication before seeking retirement from the RBI.

He also had a stint as the Executive Director of the Deposit Insurance & Credit Guarantee Corporation.

Image: Reserve Bank of India executive director G Gopalakrishna; Photograph, courtesy: RBI

© Copyright 2014 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.