1.Raghuram Rajan headed search panel has zeroed in on a successor to RBI Deputy Governor K C Chakrabarty and PNB Chairman K R Kamath is believed to be top in the reckoning.
2.Besides RBI Governor Rajan, Financial Services Secretary Rajiv Takru and other expert members had on last Friday interviewed CMDs of nine public sector banks here, an official privy to the selection process told PTI.
3.The panel called those chiefs who have been heading a bank for more than one year. Kamath, being the senior most among the nine bankers, is the front-runner for the post, the official added.
iv. The vacancy would arise as Chakrabarty has requested to be relieved on April 25, slightly earlier than his scheduled term ending on June 30.
4.The Reserve Bank has four Deputy Governors — two from within the organisation, one economist and one banker.
5.PNB Chairman and Managing Director K R Kamath is the senior most among all the nine bankers with an experience of about six years.
6.The panel will now recommend the name to the Government for approval and the Appointments Committee of the Cabinet, headed by the Prime Minister, will take a final view on the recommendation, the official said.
Posts
Comment Policy : We invite you to comment on our posts, as long as they are respectful, to the point and approving. We do not perform pre-moderation of comments. However, in order to keep this site clean and useful, we reserve the right to remove any comment that is not in accordance with our Comment Policy.