One of the four deputy governors of the Reserve Bank of India (RBI) has traditionally been selected from among the chairmen & managing directors (CMDs) of domestic banks. But the central bank has signalled a break from this by requesting the finance ministry to change the criterion to “prominent banker” (who is not necessarily a CMD).
The request to change the existing rules, if accepted, could make Nachiket Mor, a former deputy managing director of ICICI Bank and now a board member of the central bank, among others, eligible for the post after K C Chakrabarty retires in June.
Mor was appointed to head a panel on financial inclusion after Raghuram Rajan took charge as the RBI governor in September. He is also a member of the high-level advisory committee that will recommend who should get new bank licences. Read more..
The request to change the existing rules, if accepted, could make Nachiket Mor, a former deputy managing director of ICICI Bank and now a board member of the central bank, among others, eligible for the post after K C Chakrabarty retires in June.
Mor was appointed to head a panel on financial inclusion after Raghuram Rajan took charge as the RBI governor in September. He is also a member of the high-level advisory committee that will recommend who should get new bank licences. Read more..
Source: News in Hindi
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