The Union Govt appointed B.P. Kanungo as a deputy governor of the Reserve Bank of India (RBI). He will took the charge on 3 April, after present deputy governor R.Gandhi retirement. Kanungo is a career central banker and was appointed as an RBI executive director on 1st March 2016. Earlier, he has also held the positions of regional director at the Jaipur and Kolkata offices of the Reserve Bank.