Speculation was rife on Sunday on who will succeed Raghuram Rajan as RBI Governor with over a dozen names doing the rounds, including that of Deputy Governor Urjit Patel, former CAG Vinod Rai and SBI chief Arundhati Bhattacharya (In the 81-year old history of RBI, only once a commercial banker has been appointed as Governor).
Though there was no official word, the rumour mills were agog on who would be the next at the helm of the central bank, a day after Rajan made a surprise announcement that he was not interested in a second term and Finance Minister Arun Jaitley said a successor would be announced shortly.
Among the speculated names, Patel has been known as 'inflation lieutenant' of Rajan at RBI, while Bhattacharya's tenure as SBI Chairperson also ends in September - the same month when Rajan would demit office.
Rai, the former Comptroller and Auditor General of India who is known to have flagged the 2G scam, is currently heading the newly-constituted Banks Board Bureau, set up to help the government appoint heads of public sector banks and advice on banking reforms.
The names doing the rounds also include Chief Economic Advisor Arvind Subramanian, World Bank Chief Economist Kaushik Basu, Revenue Secretary Shakatikanta Das, former Adviser to Finance Minister Parthasarathy Shome, BRICS Bank head and ICICI Bank veteran K V Kamath and Sebi Chairman U K Sinha.
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Rumors hit the ceiling on Rajan's successor
By IndianMandarins - 2016-06-20 11:07:59
Speculation was rife on Sunday on who will succeed Raghuram Rajan as RBI Governor with over a dozen names doing the rounds, including that of Deputy Governor Urjit Patel, former CAG Vinod Rai and SBI chief Arundhati Bhattacharya (In the 81-year old history of RBI, only once a commercial banker has been appointed as Governor).
Though there was no official word, the rumour mills were agog on who would be the next at the helm of the central bank, a day after Rajan made a surprise announcement that he was not interested in a second term and Finance Minister Arun Jaitley said a successor would be announced shortly.
Among the speculated names, Patel has been known as 'inflation lieutenant' of Rajan at RBI, while Bhattacharya's tenure as SBI Chairperson also ends in September - the same month when Rajan would demit office.
Rai, the former Comptroller and Auditor General of India who is known to have flagged the 2G scam, is currently heading the newly-constituted Banks Board Bureau, set up to help the government appoint heads of public sector banks and advice on banking reforms.
The names doing the rounds also include Chief Economic Advisor Arvind Subramanian, World Bank Chief Economist Kaushik Basu, Revenue Secretary Shakatikanta Das, former Adviser to Finance Minister Parthasarathy Shome, BRICS Bank head and ICICI Bank veteran K V Kamath and Sebi Chairman U K Sinha.
