Subir Gokarn retires as RBI deputy governor

Deputy Governor of Reserve Bank of India (RBI) Subir Gokarn retires.

Subir Gokarn, Deputy-Governor of Reserve Bank of India (RBI) in charge of monetary policy, has retired from the post. The three years term of Subir Gokarn had ended in November 2012, but the government had given him one-month extension which expired on December 31, 2012.

There are four deputy governors in RBI, of which two are from the central bank itself, one is from the banking sector and the fourth is an economist.

He was appointed by the Government Of India on November 19, 2009 for a three year term.

Prior to join the Reserve Bank of India, Dr.Gokarn was the Chief Economist of global rating agency Standard and Poor’s (S&P ) Asia-Pacific since August 2007. He is the head of CRISIL’s Research and Information business and also a nominee Board Member of the State Bank Of India.

The government is yet to finalize his successor. However, reports suggest that name of Kalpana Kochhar, the World Bank’s chief economist for South Asia, is being considered for the post.

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