Business Other News 27 Jun 2016 Govt shortlists 4 ca ...

Govt shortlists 4 candidates for new RBI governor's post

REUTERS
Published Jun 27, 2016, 10:45 am IST
Updated Jun 27, 2016, 12:25 pm IST
Three of the four shortlisted are economists and veterans of the central bank with the other the head of the country's largest bank.
Outgoing Governor Raghuram Rajan was expected to join the search committee to appoint three external members of a new six-member RBI Monetary Policy Committee.
 Outgoing Governor Raghuram Rajan was expected to join the search committee to appoint three external members of a new six-member RBI Monetary Policy Committee.

The government has whittled down its list of candidates to become the next governor of the Reserve Bank of India (RBI) to four, three of whom are economists and veterans of the central bank with the other the head of the country's largest bank.

A senior government official said the four were: RBI Deputy Governor Urjit Patel; former deputy governors Rakesh Mohan and Subir Gokarn; and State Bank of India Chair Arundhati Bhattacharya.

 

Two government officials also said that outgoing Governor Raghuram Rajan was expected to join the search committee to appoint three external members of a new six-member RBI Monetary Policy Committee.

The objective, these officials said on condition of anonymity due to the sensitivity of the matter, was to ensure that the MPC is constituted as soon as possible - probably before the appointment of Rajan's successor.

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