Modi govt could name Arvind Panagariya as RBI governor

Prime Minister Narendra Modi could name his policy adviser, Arvind Panagariya, as the next governor of the Reserve Bank of India (RBI), two television channels reported on Monday, citing unnamed government sources.

The TV channels — CNBC Awaaz and ABP News — also said that a formal announcement of the decision was expected in next 48 hours.

Modi’s office declined to comment, but said a decision on the new central bank chief would be made before July 18. Panagariya’s office also refused to comment.

Panagariya, who heads the government’s main economic advisory body NITI Aayog (National Institution for Transforming India), is also India’s Group of 20 summit negotiator.

The term of outgoing RBI chief Raghuram Rajan ends in early September. Rajan shocked markets late last month by announcing he would not seek reappointment.

Advertisements
Modi govt could name Arvind Panagariya as RBI governor

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s