Will SBI chief Arundhati Bhattacharya replace Rajan?

June 20, 2016 15:28

Looking to finalise RBI Governor Raghuram Rajan's successor at the earliest, government is considering SBI chief Arundhati Bhattacharya, former RBI deputy governor Subir Gokarn and Economic Affairs Secretary Shaktikanta Das among the probable contenders.

Highly placed sources said that other names being considered include RBI Deputy Governor Urjit Patel, former Deputy Governor Rakesh Mohan and Chief Economic Advisor Arvind Subramanian. "It (announcement of new Governor) will happen reasonably in advance. We don't want unnecessary speculation," said a top government source, adding that "the process of selection is already on". With Rajan's term ending on September 4, sources said the government would like to announce the next Governor of the Reserve Bank of India by July end.

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