Mumbai: Commercial banker Subhash Sheoratan Mundra has assumed office as the fourth deputy governor of the Reserve Bank for a three-year term. When contacted, Mundra, who led the country’s second largest lender Bank of Baroda as chairman and managing director, confirmed the development, saying he has taken charge. Mundra, 60, takes over as the fourth deputy governor of the central bank after Urjit Patel, HR Khan, and R Gandhi. Of the four deputy governors, one is hired from the banking sector, one an economist (Patel) and two from the RBI itself. He will hold the key portfolios of banking supervision and currency management, a RBI release said.

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