New Delhi, May 2 -- The Reserve Bank of India (RBI) announced a redistribution of portfolios among its Deputy Governors on Friday with immediate effect, following the appointment of Dr Poonam Gupta as Deputy Governor on April 2.

M Rajeshwar Rao will now oversee crucial departments, such as Coordination, Regulation, Enforcement, Legal, Risk Monitoring, the Secretary's Department, and the central security cell.

While, T. Rabi Sankar will be responsible for a wide array of operational and market-related departments Department of Currency Management, Department of External Investments & Operations, Department of Government and Bank Accounts, Department of Information Technology, Department of Payment and Settlement Systems, FinTech Departme...