Raghuram Rajan today said the three-year tenure of a Reserve Bank of India Governor in India is "too short" and advocated a minimum term of four years, "like in the US", reports India Today.

The 53-year-old economist, who was forced to quit the RBI following a campaign against him led primarily by BJP MP Subramanian Swamy, made the proposal while briefing a parliamentary standing committee on finance.

When asked by the members on what should be the tenure of the RBI Governor, he said that a three-year term is short, sources said.In the US Fed, in addition to serving as members of the Board, the Chairman and Vice-Chairman serve terms of four years, and may be reappointed to those roles who in turn serve until their terms as Governors expire.Rajan, whose current three-year tenure ends on September 4, has already said no to a second term in the RBI.

In his meeting with the MPs, Rajan was also not in favour of further reducing the interest rates."Banks have enough cash but they are not lending," he said, and added that the government banks are doing worse than their private counterparts as far as lending is concerned.

Rajan also dismissed the impact of the recent Brexit vote in the UK on the Indian economy. "If Brexit happened today, then India would have some concerns, but since it is some time away, India might end up gaining from it," he said.