NEWS & ADVICE : FIXED DEPOSITS
RBI Deputy Governor’s tenure extended till Dec 31
By Neelima Shankar
Nov 22, 2012
Print    Email    RSS   

Finance Ministry has extended Reserve Bank of India's Deputy Governor, Subir Gokarn's three year term till 31st December. Gokarn's three year tenure as deputy governor of the banking and monetary regulator, RBI, is scheduled to come to an end on 23rd November.

Announcing the extension of Subir Gokarn's services, the Financial Services Secretary Mr. D. K. Mittal said that his extension has been announced as there should not be any vacancy. He further added that a search committee has been formed to decide whether Gokarn should be given another two year term or a new Deputy Governor has to be appointed.

According to the Reserve Bank of India Act of 1934, one governor and four deputy governors can be appointed. All the appointments have to be made by the Central Government. If possible, one Deputy Governor can be a prominent economist, and the present Deputy Governor, Subir Gokarn, falls in this category. Mr. K. C. Charabarty, Mr. Anand Sinha and Mr. H. R. Khan are the other three existing deputy governors of the central bank.


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Carnival of Indian Personal Finance Blogs...
FD: Opportunity for retirees to diversify...
Plan your tax, don’t evade it
Children’s Saving Account- teaching...
The new avatar of savings account would...


Sakeela.CaℒL Giℛℒs In Kharar 0985566O911...
NANGAL: CaℒL Giℛℒ In Una 09855660911 Escoℛt...
Chandigarh@CaℒL Giℛℒ In Rajpura +O9855660911...

NEWS THIS WEEK
Federal Bank launched V connect for its customers Feb 12, 2015
Andhra Bank on expansion mode Feb 11, 2015
Dena Bank earned a profit of 13%. Feb 9, 2015
Banks expected to cut down the rates Feb 5, 2015
RBI kept the rates unchanged Feb 4, 2015
News Archive