The most notable was the formal creation of the Department of Financial Stability Unit (FSU), which will now be looked after by Deputy Governor Shyamala Gopinath. FSU, which was earlier a part of the monetary policy department, will also get a new executive director, Anand Sinha.

The central bank, in its Annual Policy Statement of April 2009, had proposed the setting up of a Financial Stability Unit, drawing upon inter-disciplinary expertise from supervisory, regulatory, statistics, economics and financial markets departments for carrying out periodic stress tests and for preparing financial stability reports. Accordingly, FSU was constituted on July 17. Following India's inclusion in the Financial Stability Board (FSB), the FSU will provide the secretariat to the RBI's representative in the FSB.

Sinha, who was looking after the Department of Banking Operations and Development (DBOD) and Department of Banking Supervision (DBS), has been relieved from DBS which will now report to executive director. The foreign exchange management department, which was with Gopalakrishna, will now come under Executive Director HR Khan. RBI has four deputy governor and seven executive directors.

Gokarn will be taking charge of the all important monetary policy department along with the Department of Economic Analysis and Policy, Department of Statistics and Information Management, Department of Communication and Deposit Insurance and Credit Guarantee Corporation. RBI Governor D Subbarao was looking after the monetary policy, economic analysis and policy, and the Department of Statistics and Information Management since Rakesh Mohan's exit in June.