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Odisha Sun Times Bureau
Bhubaneswar, Mar 10:

A year after being appointed as Executive Director, Odisha’s Bibhu Prasad Kanungo has been elevated to the post of Deputy Governor of Reserve Bank of India.

With this, Kanungo becomes the second Odia to be appointed as Deputy Governor of RBI. Prior to Kanungo, Harun Rashid Khan from the state was appointed as Deputy Governor for tenure of five years from July 2011 to July 2016.

According to reports, Kanungo will assume charge on April 3 and will serve for three years. He replaced R Gandhi after being approved by the Appointments Committee of Cabinet (ACC) today.

Last year, Kanungo was appointed as the Executive Director of the Central bank of India last year.

A career central banker, Kanungo was in charge of Foreign Exchange Department before taking over as Executive Director. Earlier, he had also held positions of Regional Director at Jaipur and Kolkata Regional Offices of the Reserve Bank and was the Banking Ombudsman for Madhya Pradesh and Chhattisgarh.

Kanungo, a post graduate in Arts, is a Certified Associate of Indian Institute of Bankers. He also holds a bachelor’s degree and a master’s degree in arts and a degree in Law (LLB) from Utkal University.