Two senior most Executive Directors of the Reserve Bank of India- G Gopalakrishna and R Gandhi - are in the race for the post of Deputy Gvernor that will fall vacant after the Anand Sinha retires in February 2013. Although the central bank has recommended an extension for Sinha, the government is unlikely to accept this, sources said. "Those two Executive Directors are the potential candidates for the post of Deputy Governor. Extension for Sinha remains a remote possibility as he will turn 62 next February. The government will have to set a new precedent if it extends his tenure beyond the age. It is unlikely," a senior RBI official told moneycontrol.com on condition of anonymity.........
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