New Delhi: Reserve Bank of India Deputy Governor NS Vishwanathan has resigned due to health reasons. There is still three months left for his retirement. Vishwanathan’s resignation comes as a major setback for the central bank amidst a period of significant deceleration in the country’s continuing GDP, bank mergers and efforts to control inflation.
Viswanathan will leave the central bank on March 31, according to an Economic Times report. Vishwanathan’s 4-decade-long career was supposed to end in June, but he left the post three months ago. According to sources, he recently had a stress related problem, after which doctors have advised him to rest. This is a period when RBI was in great need of their services for monitoring.
Viswanathan, who joined the service in 1981, is considered to be very knowledgeable in the banking industry. Especially in terms of rules and laws they have a very good hold. Due to this, Governor Shaktikanta Das gave him a one-year extension of service in June last year. As deputy governor, Viswanathan oversaw several sectors including banking regulation, cooperative banking, deposit insurance.