N S Vishwanathan gets extension by one year as RBI deputy governor

Reserve Bank of India (RBI) Deputy Governor N S Vishwanathan has been given a one-year extension by the government, according to an official announcement by the Ministry of Personnel.

Vishwanathan was to retire on July 3, but before that could happen, another Deputy Governor Viral Acharya quit. Acharya’s resignation was accepted by the ministry last week. The government and the RBI had started looking for a replacement of Vishwanathan and a few internal candidates were identified, according to sources.

Manoj Kumar Nambiar elected chairman of MFIN

Microfinance Institutions Network (MFIN) has elected Manoj Kumar Nambiar, managing director of Arohan Financial Services, as its chairman.

Vineet Chattree of Svatantra Microfin will be the vice-chairman, the industry association and self-regulatory organisation (SRO) for the microfinance industry in India said.