28/06/2016 1:31 PM IST | Updated 15/07/2016 8:27 AM IST

Govt Panel Names NS Vishwanathan RBI Deputy Governor: Report

A pedestrian walks past India's central bank - Reserve Bank of India (RBI) logo in Mumbai on June 7, 2016.The Reserve Bank of India has held its key interest rate at a five-year low, citing inflationary fears in the world's fastest-growing major economy ahead of the imminent monsoon rains. In a widely expected move, RBI said it would keep the benchmark repo rate, the level at which it lends to commercial banks, at 6.5 percent. / AFP / INDRANIL MUKHERJEE (Photo credit should read INDRANIL MUKHERJEE/AFP/Getty Images)

A government-appointed panel has selected N S Vishwanathan as a Reserve Bank of India deputy governor, replacing incumbent H R Khan, NDTV Profit TV and ANI television news agency reported on Tuesday without citing sources.

Vishwanathan is currently an executive director at the RBI, overseeing the banking regulation and non-banking department. He will succeed Khan, who will retire on July 3, ANI tweeted.

The key departments under Khan are financial markets, external investments and operations, payment and settlements, information technology, foreign exchange and internal debt management.

The RBI currently has four deputy governors.

(Reporting by Suvashree Dey Choudhury; Editing by Rafael Nam)

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