<p>The appointment of Sinha, who is Executive Director with the RBI, has been approved by the government, a senior Finance Ministry official said. Sinha is looking after banking operations and development, Financial Stability Unit at the RBI.<br /><br />He will be elevated as the fourth Deputy Governor besides Shymala Gopinath, K C Chakrabarty and Subir Gokarn. As per the norm, two deputy governors are appointed from within the central bank, besides a banker and an economist.<br /><br />The new deputy governor is expected to get portfolios looked after by his predecessor Usha Thorat. Sinha, who turns 60 in February, may get a two-year term since deputy governors normally get to serve till the age of 62.<br /><br />Last year, a search committee, comprising of RBI Governor D Subbarao and Financial Services Secretary R Gopalan had interviewed six Executive Directors from RBI.</p>
<p>The appointment of Sinha, who is Executive Director with the RBI, has been approved by the government, a senior Finance Ministry official said. Sinha is looking after banking operations and development, Financial Stability Unit at the RBI.<br /><br />He will be elevated as the fourth Deputy Governor besides Shymala Gopinath, K C Chakrabarty and Subir Gokarn. As per the norm, two deputy governors are appointed from within the central bank, besides a banker and an economist.<br /><br />The new deputy governor is expected to get portfolios looked after by his predecessor Usha Thorat. Sinha, who turns 60 in February, may get a two-year term since deputy governors normally get to serve till the age of 62.<br /><br />Last year, a search committee, comprising of RBI Governor D Subbarao and Financial Services Secretary R Gopalan had interviewed six Executive Directors from RBI.</p>