The Government of India has extended the tenure of Deputy Governor of the Reserve Bank of India Anand Sinha till January 18, 2014, the RBI said in a statement.
Sinha was due to retire on February 28 this year.
”According to the notification issued by the Government of India dated February 25, 2013, Sinha will continue as the Deputy Governor Reserve Bank until January 18, 2014, when he completes his tenure of three years from the date on which he assumed office, that is, January 19, 2011, the RBI said.
Sinha will continue to look after the Department of Banking Operations and Development, the
Department of Non-Banking Supervision and Urban Banks Department as well as the Departments of Risk Monitoring, Information Technology, Expenditure and Budgetary Control, Legal and Premises.
Prior to being appointed as Deputy Governor, Sinha was Executive Director at the Reserve Bank of India and looked after the Department of Banking Operations and Development, the Financial Stability Unit and the Department of Expenditure and Budgetary Control.
Sinha joined the Reserve Bank in 1976 after his Masters in Physics from the Indian Institute of Technology, Delhi.
He has been involved with the formulation of several major regulatory and supervisory policies for commercial banks. He has also been on several internal committees. He has handled, among others, foreign exchange, deposit insurance and regional office work during his stint with the RBI.
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