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Modi, Jaitley discuss names for next RBI governor

Successor to Raghuram Rajan is expected to be announced soon

Policy Pulse
Publish Date: Aug 19 2016 9:09AM | Updated Date: Aug 19 2016 9:09AM

Modi, Jaitley discuss names for next RBI governor

 Prime Minister Narendra Modi and Finance Minister Arun Jaitley have discussed candidates for Reserve Bank of India governor. 

 
The successor to Raghuram Rajan, who completes his tenure on September 4, is expected to be announced soon. 
 
Former RBI deputy governor Subir Gokarn, current deputy governor Urjit Patel and Chief Economic Adviser Arvind Subramanian are said to be in reckoning. 
 
Declining to comment on the meeting the finance minister said,”"You will come to know the conclusion, not the process."
 
Other names believed to be in consideration for the post include Department of Economic Affairs Secretary Shaktikanta Das, State Bank of India Chairman Arundhati Bhattacharya, Niti Aayog Vice-Chairman Arvind Panagariya, former chief economic adviser Ashok Lahiri and former World Bank chief economist Kaushik Basu. 
 
An announcement is pending since the new governor usually joins RBI before the incumbent moves on, giving some time for a handover. 
 
Rajan had said earlier this year that he will be returning to academia after his term ends.