Following the retirement of one of the deputy governors of Reserve Bank of India (RBI), S.S. Mundra, the government has prepared a list of candidates for the replacement.
The Financial Sector Regulatory Appointment Search Committee had interacted with several applicants last month and probable names include one from a foreign bank — Neeraj Gambhir, managing director, head fixed income, Nomura Holdings Inc., banking industry sources said.
Apart from Mr. Gambhir, bankers from public sector banks are in the list of probables, which includes Arun Tiwari, former chairman and managing director of Union Bank of India, Rakesh Sharma, managing director and chief executive officer of Canara Bank and Suresh Patel, managing director and chief executive officer of Andhra Bank.
RBI has four deputy governors, of which two are selected from outside. Of these two, one is a macro economist and another is a commercial banker.
The other two deputy governors are promoted from within the ranks.