New Delhi: Viral Acharya was appointed as the new deputy governor of the Reserve Bank of India on Wednesday. He would be joining the league of three deputy governors, namely, Vishwanathan, SS Mundra and R Gandhi who are already serving under the current RBI governor Urjit Patel.
Just like the former governor of the apex bank Raghuram Rajan, Acharya also comes from an academic background. He has been serving as CV Starr professor of economics at the New York University Stern School of Business since 2008. According to the University, Acharya’s interest lies in 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. His papers have been published in renowned finance journals. He was the recipient of numerous awards and has received the ‘Rising Star in Finance Award’ recently.
Acharya in an alumnus of IIT, Mumbai, and possess a degree of Bachelor of Technology in Computer Science and Engineering in 1995 and PhD in Finance from NYU-Stern in 2001.
Acharya was with London Business School (2001-08) and served as 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).