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Interview on May 10 for selection of RBI Dy Guv

By IndianMandarins- 28 Apr 2018
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interview-on-may-10-for-selection-of-rbi-dy-guvA search panel headed by the Cabinet Secretary may interview candidates on May 10 to select a successor to RBI Deputy Governor S S Mundra, who completed his three-year term in July last year. Out of about 40 applications received, the Financial Sector Regulatory Appointment Search Committee (FSRASC) has shortlisted about 9 names who have been called for interview on May 10. Some of the bankers who have been shortlisted are IDBI Bank managing director M K Jain and SBI managing directors B Sriram and PK Gupta. A few other names from the private sector and some serving bureaucrats have also been called for the interview, according to sources. As per the RBI Act, the central bank should have four deputy governors - two from within the ranks and one commercial banker and another an economist to head the monetary policy department. The search panel also includes RBI Governor, Financial Services Secretary, and some independent members.

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