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The government on Wednesday appointed Viral V. Acharya, a professor of economics at New York University, as one of the Reserve Bank of India’s four deputy governors for a term of three years, according to a statement on Wednesday.

 “The Central Government has through notification dated December 28, 2016, appointed Dr. Viral V. Acharya, currently C.V. Starr Professor of Economics, Department of Finance, New York University – Stern School of Business, as Deputy Governor, Reserve Bank of India for a term of three years from the date of his taking charge,” RBI said.

“Dr. Acharya will join on January 20, 2017. As Deputy Governor, Dr Acharya will look after the Monetary Policy and Research cluster,” it added.

The three other deputy governors of RBI are N.S. Vishwanathan, S.S. Mundra and R. Gandhi

Acharya is an alumnus of IIT-Mumbai, with a Bachelor of Technology in Computer Science and Engineering degree in 1995 and a PhD in Finance from NYU-Stern (USA) in 2001.

He was with London Business School (2001-08) and served as the Academic Director at its Coller Institute of Private Equity, and was also a Senior Houblon-Normal Research Fellow at the Bank of England in 2008.

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