Govt has appointed Poonam Gupta as deputy governor of
RBI for a three-year term beginning May 2. She fills the vacancy left after Michael Patra retired on Jan 15. Her entry has prompted a reallocation of portfolios among RBI's senior leadership. Gupta will take charge of several key departments, including monetary policy, financial markets operations, economic and policy research, financial stability, international, statistics and information management, corporate strategy and budget, and communication.