Cabinet secretary-led panel to interview five candidates for RBI deputy governor's post on June 1

The Cabinet Secretary-headed panel is scheduled to interview shortlisted candidates on June 1 for the post of RBI deputy governor, which falls vacant on June 21 after M K Jain completes his extended tenure. This vacancy for the RBI deputy governor's post has been reserved for a commercial banker.

According to sources, five candidates have been shortlisted, including a non-executive chairman of a public sector bank.

The Financial Sector Regulatory Appointment Search Committee (FSRASC) headed by Cabinet Secretary would interview candidates in Delhi, the sources said.

TRENDING NOW

Vande Bharat Sleeper Train interior design images out - Check launch date and other details

Suzlon shares hit new 52-week high

Sebi to introduce centralised mechanism for verification in case of demise of investors from January 1

RVNL, Titagarh Systems, Raymonds: Stocks to watch out for on Wednesday

CCI approves Kedaara Capital Fund's acquisition of 1.74% equity stake in Lenskart, also clears acquistion of majority stake in Indira IVF by Zonnebaars

ICC World Cup 2023 Opening Ceremony: Event called off, or still on? Here's all we know

Competition Commission of India approves proposed acquisition of Lanco Amarkantak Power Limited

Google Pixel 8 launch event live streaming: When and where to watch, check date and timing details

Amazon begins Kickstarter sale ahead of Great Indian Festival: 5 top smartphone deals offering upto 50% off

Top-5 mutual funds that have given the highest returns year to date

ICC World Cup 2023: Disney+ Hotstar introduces MaxView feature to stream matches in vertical mode - Details

AMFI rejig: IRFC, Polycab and Jio Financial Services among others may enter large-cap category, says Nuvama

Canada not looking to escalate situation with India, will continue to "engage responsibly": Justin Trudeau

Google Pixel 8 Launch 2023: Check date, time, expected new features, and price

Maruti Suzuki production dips 1% in September

The selected name from the interview will be sent to the Appointments Committee of the Cabinet, headed by the Prime Minister, for final approval.

Besides the Cabinet Secretary, other members of FSRASC include the RBI governor, the financial services secretary and two independent members.

According to the RBI Act, 1934, the central bank should have four deputy governors -- two from within the ranks, one commercial banker and an economist to head the monetary policy department.

Currently, the RBI has four deputy governors -- M K Jain, Michael Debabrata Patra, M Rajeshwar Rao and T Rabi Sankar.

The deputy governor appointments are made for an initial period of three years, and the person is eligible for reappointment. The deputy governor gets a fixed salary of Rs 2.25 lakh per month plus allowances.