The administration is relied upon to report a successor to active RBI representative Raghuram Rajan today. Rajan's term closes on September 4, 2016.
Rajan was selected as RBI boss by the past UPA government in September 2013.Prime Minister Narendra Modi and Finance Minister Arun Jaitley are relied upon to meet on Thursday to choose the name of next RBI representative.
Follwing are the names doing the rounds and prone to be picked as Rajan's successor.
1) Urjit Patel
Urjit Patel, the Deputy Governor of Reserve Bank of India, is by all accounts the top contender given he has nearly worked with Rajan and has sound aptitude on macroeconomic administration. Be that as it may, his less introduction to managing an account segments' issues may end up being a dampener.
2) KV Kamath
BRICS Bank President K V Kamath has been a most towering identity of Indian private saving money part. As a Chairman of ICICI Bank, Kamath assumed a significant part on extending the retail saving money in the nation.
3) Arundhati Bhattacharya
Arundhati Bhattacharya is the Chairperson of India's biggest open segment bank State Bank of India. In 2015, Forbes Magazine recorded her as the 30th most powerful lady on the planet. In 2016, Bhattacharya was raised by Forbes to the 25th position. On the off chance that administration chooses her to supplant Rajan, she will end up being the primary lady to hold RBI's top position.
4) Shaktikanta Das
Shaktikanta Das is the Joint Secretary (Budget) in Department of Economic Affairs. The eminent administrator has prior held the task of Secretary, Department of Revenue in the money service and is additionally a nearby confider to group Modi.
5) Arvind Subramanian
Hand-picked by NDA government, Arvind Subramanian right now serves as India's Chief Economic Advisor. He is a globally known financial analyst and could be the top decision for the administration to supplant Rajan.
6) Arvind Panagariya
Niti Aayog Chief Arvind Panagariya holds a PhD from Princeton University and has served as a Professor of Economics at Columbia University. He has been the central market analyst of the Asian Development Bank and has additionally worked for the World Bank and International Monetary Fund.
7. Kaushik Basu
Basu who is venturing down as the World Bank's central market analyst has entered the conflict to lead the Reserve Bank. Basu has acted as boss financial consultant to the administration of India. Basu holds a PhD in financial matters from the London School of Economics. He has gotten privileged doctorates from a few establishments, including IIT, Mumbai, and Fordham University, New York.