New Delhi, July 3: Shri H. R. Khan will assume charge of the office of the Deputy Governor in the Reserve Bank of India (RBI) on July 4, 2011. Shri Khan has been appointed as Deputy Governor for a period of three years. Earlier on May 13, 2011, a Government appointed search committee headed by Governor Dr. D. Subbarao, and comprising members- Shri Shashikant Sharma, Secretary, Department of Financial Services, Ministry of Finance, Dr. M. Govinda Rao, Director, NIPFP, Shri S. K. Barua, Director, Indian Institute of Management, Ahmedabad and Smt. Alka Sirohi, Secretary, Department of Personnel and Training, Ministry of Personnel, Public Grievances & Pensions, had interviewed the seven Executive Directors for selecting a successor of Smt. Shyamala Gopinath, whose term as Deputy Governor ended on June 20, 2011. The committee had recommended the name of Shri Khan for the post. As Executive Director, Shri Khan had the charge of departments like Department of External Investments & Operations, Internal Debt Management Department, Department of Government and Bank Accounts and Foreign Exchange Department.. He was appointed as Executive Director of the Reserve Bank on October 26, 2007 and prior to that he was the Regional Director of New Delhi Office and Principal, College of Agricultural Banking, Pune. Born on July 29, 1954 in Puri District of Odisha, Shri Khan completed post graduation in Political Science from Utkal University and M.Phil in International Studies from Jawaharlal Nehru University (JNU), New Delhi. He is a Certified Associate of Indian Institute of Banking and Finance (CAIIB) and holds a Diploma in Business Management from Narsee Monjee Institute of Management Studies (NMIMS), Mumbai. Shri Khan started his central banking career in 1978 as a Probationary Officer. Since then, he has several accomplishments to his credit while working in various departments and regional offices in the Reserve Bank. Over the last three decades, he has worked in various areas, such as, Personnel and Administration, Banking Regulation and Supervision, Rural Planning and Credit, Currency Management, Exchange Control, Internal Debt Management and Training Establishment and at Centres like Mumbai, New Delhi, Bhubaneswar, Hyderabad and in the Central Office, Mumbai and the College of Agricultural Banking, Pune. Some of the important positions that Shri Khan held during his career included, Nominee Director of RBI on the Boards of the Orissa State Financial Corporation (OSFC), the Bank of Rajasthan, Dena Bank, the Bank of Maharashtra and the Punjab & Sind Bank. Shri Khan was associated with various committees, such as, Committee on Technology Exports (GOI/DSIR), Ways and Means Advances to the State Governments (as the Member Secretary), Working Group on Instruments of Sterilisation (as the Convener), International Organisation of Securities Commission (IOSCO) and the Committee on Payment and Settlement System (CPSS) of Bank of International Settlement (BIS) Task Force on Central counter parties(CCPs), Working Group on Corporate Debt, Working Group on Primary Dealers and Working Group on Model Fiscal Responsibility and Budget Management Bill for States (as the Convener). He was also involved with the Internal Group of RBI on Rural Credit and Microfinance as the Chairman (popularly known as the Khan Committee). Based on the path breaking recommendations of the Khan Committee, the Reserve Bank issued guidelines to expand the banking outreach through the Business Facilitators and Business Correspondents with ICT support for spearheading financial inclusion in the country. As Executive Director, Shri Khan represented the Reserve Bank on the Committee on Global Financial Systems (CGFS) of BIS and the Working Group of G-20 on “Reinforcing International Cooperation and Market Integrity”. As part of his international exposure, he has attended Central Banking Courses organised by the Bank of Korea and the Federal Reserve Bank, New York, Course on Financial Markets by the IMF Institute, Singapore, participated as the Central Bank’s representative in the meetings of BIS-IOSCO Committee in Madrid, Rome and London and attended Professional Programme on Management of Training Centres, Asian Institute of Technology (AIT Extension), Thailand. Shri Khan has also presented papers in various national and international conferences.
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