According to government sources, other names in the reckoning are Subir Gokarn, U.K. Sinha and Kaushik Basu.
SBI chairperson Arundhati Bhattacharya and Urjit Patel, deputy governor, Reserve Bank of India (RBI) are among the long list of names emerging as contenders for the post of governor at the Reserve Bank of India. Financial Services Secretary Hashmukh Adhia’s name is also doing the rounds as a surprise inclusion in the list of probables.
The SBI chairperson Ms. Bhattacharya has steered the largest bank in the country ably since she took over in 2013.
Despite the rise in bad loans in the last two quarters following an asset quality review process mandated by the RBI, the health of SBI is better than that of other public sector banks.
Under Ms. Bhattacharya, the SBI has also kick-started consolidation among public sector banks, with its decision to merge its five associate banks within itself.
