1. RBI Deputy Governor’s post: Some 70 candidates in fray for Urjit Patel’s former job

RBI Deputy Governor’s post: Some 70 candidates in fray for Urjit Patel’s former job

Over 70 candidates have applied for a deputy governor post in the Reserve Bank of India (RBI) lying vacant after Urjit Patel’s appointment as governor of the central bank on September 4.

By: | New Delhi | Updated: October 27, 2016 5:21 PM
Urjit Patel About five candidates are likely to be shortlisted before a final choice is made in a month’s time, an official said. (Source: Reuters)

Over 70 candidates have applied for a deputy governor post in the Reserve Bank of India (RBI) lying vacant after Urjit Patel’s appointment as governor of the central bank on September 4.

About five candidates are likely to be shortlisted before a final choice is made in a month’s time, an official said. It is expected that an academic will make the cut as the post is usually reserved for economists, the official said.

“The applicants are from diverse background — retired IAS officers/secretaries, professionals/economists, bank executive directors, managing directors as well as state government officials,” another official said. He did not disclose the names of the candidates.

On September 29, the government had put out an advertisement inviting applications from prospective candidates for the deputy governor post. The last date for submission of application was October 21.

According to the advertisement, the applicants should have at least 25 years of experience in public administration, including secretary level posting in government of India or in Indian or international public financial institutions.

Applicants below 60 years of age as on September 4, could submit their application.

Patel, a PhD in economics from Yale University, was a deputy governor before taking up the new role of RBI chief after the end of Raghuram Rajan’s tenure on September 4. RBI has four deputy governors — one is a former banker, one an economist and two from within RBI cadre.

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