New Deputy Governor for RBI

viral-acharyaViral Acharya, a professor at the Stern Business School of the New York University, has been named as a deputy governor of RBI today. He is also an academic from the US like the previous RBI Governor Raghuram Rajan.

A 1995 graduate from the Indian Institute of Technology (IIT) in Mumbai, Acharya also earned a Ph.D in finance from NYU-Stern in 2001. He was the academic director of the Coller Institute of Private Equity at LBS (2007-09) and a senior Houblon-Normal research fellow at the Bank of England (summer 2008), according to his bio available on the NYU-Stern website.

According to his profile on the NYU site, Acharya’s research interests lie in ” the regulation of banks and financial institutions, corporate finance, credit risk and valuation of corporate debt, and asset pricing with a focus on the effects of liquidity risk.”