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After Rajan, who?
Till now, everyone was speculating whether RBI Governor Raghuram Rajan would get another term or not. With his announcement on Saturday that he is not for the second term, a discussion on his successor came to the fore.
Till now, everyone was speculating whether RBI Governor Raghuram Rajan would get another term or not. With his announcement on Saturday that he is not for the second term, a discussion on his successor came to the fore.
It is speculated that SEBI chairman UK Sinha, State Bank of India boss Arundhati Bhattacharya and Secretary of the Department of Economic Affairs in the Finance Ministry Shaktikanta Das are in the race for the successor to Rajan.
Even though the Appointments Committee is the official vehicle to do the job, the PMO chooses the Governor with inputs from the Finance Ministry and the outgoing Governor
The politicians of the ruling party play an important role in the selection but the corporate houses that normally try to influence the appointment of CEOs of commercial banks do not have a voice here, although they have their preferences.
