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Govt shortlists 4 people for RBI top post

arundhati bhattacharyaThe government has shortlisted four candidates who may replace Reserve Bank of India governor Raghuram Rajan as it set in motion the process of naming a new Monetary Policy Committee (MPC), according to a news report. The moves seek to ensure policy continuity and reassure domestic and global investors after RBI chief Raghuram Rajan shocked markets 10 days ago by announcing he would not seek reappointment in September. The shortlisted persons are RBI deputy governor Urjit Patel, former deputy governors Rakesh Mohan and Subir Gokarn and the State Bank of India chairperson Arundhati Bhattacharya, the report said.

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