Government has cleared appointment of H.R.Khan as RBI Deputy Governor, reports CNBC-TV18’s Latha Venkatesh. Khan will replace Shyamala Gopinath who retired on June 20, after a seven-year stint as Deputy Governor. The government order appointing khan as deputy governor is likely to be issued on Monday. A search committee to select a new Deputy Governor, headed by RBI Governor D Subbarao, had suggested two candidates — H.R.Khan and G Gopalakrishna — for the Deputy Governor's post, after interviewing seven RBI Executive Directors. RBI Deputy Governor is appointed for a maximum of five years and the retirement age for a deputy governor is 62. To be eligible for the Deputy Governor’s post, a candidate must have at least two years of service left.
Moneycontrol
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