Raghuram Rajan Appointed As Vice Chairman BIS

10 November, New Delhi

The Reserve Bank Governor Raghuram Rajan has been appointed as Vice Chairman of the board of the bank for International Settlements.

Based in Basel, Switzerland, BIS aims international cooperation amongst central banks with a view to ensuring global monetary and financial stability. The BIS board includes US Federal Reserve Chair Janet Yellen, Bank of England Governor Mark Carney and Bank of Japan Governor Haruhiko Kuroda.

“Dr Raghuram Rajan…was elected as the Vice-Chairman, the Board of Directors of the BIS, at its meeting in Basel held yesterday for a period of three years from November 10, 2015,” Reserve Bank of India said in a statement. Dr Rajan joined the BIS Board of Directors in December 2013Z