Newsbytes
  • India
  • Business
  • World
  • Politics
  • Sports
  • Science
  • Entertainment
  • Auto
  • Lifestyle
  • Inspirational
  • Career
  • Bengaluru
  • Delhi
  • Mumbai
  • Videos
  • Find Cricket Statistics
Hindi
More
Newsbytes
Hindi
Newsbytes
User Placeholder

Hi,

Logout


India
Business
World
Politics
Sports
Science
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai
Videos
Find Cricket Statistics

More Links
  • Videos

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
  • Youtube
 
Home / News / India News / NYU Professor Viral Acharya becomes RBI's new Deputy Governor
  • India

    NYU Professor Viral Acharya becomes RBI's new Deputy Governor

    Mansi Motwani
    Written by
    Mansi Motwani
    Mail
    Last updated on Dec 29, 2016, 04:05 pm
    NYU Professor Viral Acharya becomes RBI's new Deputy Governor
  • Viral Acharya, an economics professor at the New York University's Stern School of Business was appointed as the Reserve Bank of India's deputy governor on Wednesday.

    He is set to begin on 20th January, 2017.

    Acharya's resume runs 22 pages long; his hobbies include tennis, running, chess, traveling, poetry, singing and composing Indian semi-classical music.

    Tap in to learn more about the deputy governor.

  • In this article
    Setting records About Viral Acharya Viral Acharya and Raghuram Rajan Acharya and Rajan's common ground Idolizing Raghuram Rajan Viral Acharya's specializations On his appointment
  • Personal

    Setting records

  • At 42 years old and a three-year tenure, Viral Acharya is the youngest deputy governor to be appointed by the RBI post-liberalization.

  • Background

    About Viral Acharya

    About Viral Acharya
  • Viral Acharya grew up in South Mumbai in a family full of medical practitioners.

    He attended college in the year 1991, memorable for the then Finance-Minister Manmohan Singh's budget speech.

    Acharya stood fifth in the joint entrance exam of the Indian Institute of Technology, Bombay and graduated in computer science.

    He received a PhD in finance at NYU's Stern School of Business in 2001.

  • Ex-RBI Governor

    Viral Acharya and Raghuram Rajan

    Viral Acharya and Raghuram Rajan
  • Viral Acharya and former RBI governor Raghuram Rajan have shared close association.

    Together, they have authored half a dozen papers including one on "Sovereign Debt, Government Myopia and the Financial Sector" in 2013.

    They both have been strong advocates of the independence of central banks, favouring them to be "democratically accountable, yet be operational independent from political influence."

  • Similarities

    Acharya and Rajan's common ground

    Acharya and Rajan's common ground
  • Viral Acharya and Raghuram Rajan both have come from academic backgrounds.

    They're both alumni of the Indian Institute of Technology (IIT) and both are Computer Science and Engineering graduates.

    Both of them switched to finance and economics later and also share passion when it comes to cricket.

    Raghuram Rajan is mentioned as a reference in Viral Acharya's resume.

  • Role Model

    Idolizing Raghuram Rajan

    Idolizing Raghuram Rajan
  • Acharya was once asked by a co-passenger on a flight whether he was 'Raghu Rajan' as his notes contained the words 'crisis' and 'banks'.

    On recalling the incident, he said, "That was the day when I realized if I have Raghu as my role model and I hit 5% or 10% of that, I can easily pass off as a poor man's Raghu Rajan."

  • Strengths

    Viral Acharya's specializations

    Viral Acharya's specializations
  • According to Viral Acharya's profile on the New York University website, he is known for his research in theoretical and empirical analysis of systemic risks of the financial sector, its regulation and genesis in government-induced distortions.

    His research areas also cover credit and liquidity risks, agency-theoretic foundations as well as their general equilibrium consequences.

  • Quote

    On his appointment

  • Viral Acharya said, "I am honoured to be given the chance to join the Reserve Bank of India as deputy governor and I look forward to the opportunity. Beyond that it is premature to say anything."

  • Raghuram Rajan
  • Reserve Bank Of India
  • South Mumbai
  • RBI
  • Computer Science
  •  
Latest News
  • NewsBytes Briefing: Twitter will soon have paywalls, and more
    NewsBytes Briefing: Twitter will soon have paywalls, and more
    Science
  • Volkswagen Virtus spotted in India, testing parts for Vento replacement
    Volkswagen Virtus spotted in India, testing parts for Vento replacement
    Auto
  • Coronavirus: India's tally reaches 11.07 million with 16K+ new cases
    Coronavirus: India's tally reaches 11.07 million with 16K+ new cases
    India
  • 'Mumbai Saga' trailer: A screaming John locks horns with Emraan
    'Mumbai Saga' trailer: A screaming John locks horns with Emraan
    Entertainment
  • Facebook COO Sheryl Sandberg pens 'open love letter' to fiance
    Facebook COO Sheryl Sandberg pens 'open love letter' to fiance
    Entertainment
Trending Topics
ISRO Vaccine Farmers Protest Bharat Bandh
Next News Article
Share
Cancel

Want to share it with your friends too?

Facebook Whatsapp Twitter Linkedin
Copied

Love India news?

Subscribe to stay updated.

India Thumbnail
India News Business News World News Politics News Sports News Science News Entertainment News Auto News Lifestyle News Inspirational News
Career News Bengaluru News Delhi News Mumbai News Bharti Airtel Mukesh Ambani Indian Premier League Samsung Flipkart Virat Kohli
Rohit Sharma Cricket News YouTube Hollywood News WhatsApp Bollywood News ISRO Yoga Honda Batman
Football News BMW Vaccine Reliance Jio OPPO Food News, Healthy Recipes Royal Challengers Bangalore Toyota Fashion Tips Farmers Protest
Mercedes Barcelona La Liga Isha Ambani India Vs England Cricket OnePlus Mobiles Android TV Smart TV Bharat Bandh Deadpool
Marvel Comics Avengers Neha Kakkar Premier League
About Us Privacy Policy Terms & Conditions Contact Us News Reviews News Archive Topics Archive Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin Youtube
All rights reserved © NewsBytes 2021