The Hindu Business Line : Leeladhar appointed RBI Dy Governor

MR V. Leeladhar, Chairman and Managing Director, Union Bank of India and Chairman, Indian Banks' Association, has been appointed Deputy Governor of the Reserve Bank of India with immediate effect.

Mr Leeladhar on Monday received the notification from the Union Government and is expected to take charge on Tuesday.

The appointment is for a period of four years.

Mr Leeladhar has been the CMD of Union Bank of India for the past four years since April 24, 2000.

Prior to this, he was the Chairman and Managing Director of Vijaya Bank, where his tenure was three years beginning April 23, 1997.

The third Deputy Governor's post was vacant since Mr Vepa Kamesam retired in December 2003.

Mr Leeladhar is also a director in the boards of the Agriculture Finance Corporation, General Insurance Corporation and Export Credit Guarantee Corporation.

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Leeladhar appointed RBI Dy Governor