Vishwanathan on Monday was reappointed as deputy governor of the Reserve Bank of India.

The Appointments Committee of Cabinet has approved the extension of Vishwanathan’s term as RBI deputy governor by one year with effect from 4 July this year, the order issued by the Personnel Ministry.

His tenure was to end Wednesday, 3 July .Vishwanathan is in charge of regulation of banks, non-banking finance companies and cooperative banks.

VShwanathan is known to be one of the key architects behind the revised norms, which encourage banks to take companies to the Insolvency and Bankruptcy Code by freeing up locked provisions.