SBI chief, former deputy Governor in list of Raghuram Rajan's successors

New Delhi: 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.

Arundhati Bhattacharya
Arundhati Bhattacharya

Other names
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.

Subir Gokarn
Subir Gokarn

No search panel
They also said the government will not be setting up a search panel for selection of the new Reserve Bank Governor. Interestingly, some of the contenders whose names are doing the rounds at the Finance Ministry, including Patel and Subramanian, have worked at the International Monetary Fund (IMF) — same as Rajan.

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