India cuts RBI shortlist to four; Rajan on MPC search team, officials say
Mon Jun 27 2016
Eric Whitman (223 articles)

India cuts RBI shortlist to four; Rajan on MPC search team, officials say

NEW DELHI 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 (SBI.NS) 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.

Eric Whitman

Eric Whitman

Eric Whitman is our Senior Correspondent who has been reporting on Stock Market for last 5+ years. He handles news for UK and Europe. He is based in London

Discussion

Rules of Discussion on Live Index

1. This forum is for discussion of financial markets. Please respect others view even if they are contrary to you.
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.