(a) whether the Government are considering a proposal for creation of post of another
Deputy Governor in the RBI in view of the recent series of scams in the co-operative banking
sector;
(b) if so, the details thereof; and
(c) the details of administrative powers being conferred on the New Deputy Governor
with regard to regulation of co-operative banks in the country?
THE MINISTER OF STATE IN THE MINISTRY OF FINANCE AND
COMPANY AFFAIRS (SHRI ANANDRAO VITHOBA ADSUL):
(a) and (b) As per Section 81(1)(a) of the Reserve Bank of India Act, 1934, Central Board of
Reserve Bank of India, shall, inter-alia, consist of a Governor and not more than four
Deputy Governors to be appointed by the Central Government. However, out of four posts of
Deputy Governors, one post has not been traditionally filled up. Representations has,
however,been received for filling up the fourth post of Deputy Governor. The matter is under
consideration of the Government.
(c) As per Section 7(3) of the Reserve Bank of India Act, 1934, Governor is authorised to
exercise the powers of the Central Board of general superintendence and directions of the
affairs and business of the bank. Work among Deputy Governors is distributed by Governor.