Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Politics / News/  PNB chief frontrunner for RBI Dy Gov’s position
BackBack

PNB chief frontrunner for RBI Dy Gov’s position

PNB chief frontrunner for RBI Dy Gov’s position

Premium

Mumbai: KC Chakrabarty, chairman and managing director of Punjab National Bank, has emerged as the frontrunner for the post of deputy governor of the Reserve Bank of India. The position has been vacant since V. Leeladhar retired in December 2008.

The RBI search panel, headed by governor D. Subbarao, met with five bank chiefs. Finance ministry officials said on condition of anonymity that Chakrabarty is the most preferred candidate while Bank of India chairman and managing director T. S. Narayanasami is the second choice for the panel, which has sent the two names to the finance ministry. After the finance ministry decides on a name, the Prime Minister’s office will have to clear the appointment.

The panel also includes finance secretary Arun Ramanathan, secretary of the department of personnel and training Rahul Sareen, former State Bank of India (SBI) chairman Janki Ballabh and former RBI deputy governor Vepa Kamesam.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Politics News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 12 Feb 2009, 07:19 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App