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Subbarao to handle monetary policy as Gokarn retires

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IANS Mumbai

The RBI said in a statement here that the portfolios of deputy governors have been reallocated as Subir Gokarn's term came to a close Dec 31, 2012.

"Department of Economic and Policy Research, Department of Statistics and Information Management and Monetary Policy Department will report directly to the Governor till further orders," the RBI said.

Gokarn's three-year term as the RBI deputy governor was supposed to end Nov 24. But his term was extended till Dec 31.

There were reports that Kalpana Kochhar, the World Bank's chief economist for South Asia, is being considered for the post of deputy governor.

 

Kochhar was earlier division head and senior advisor, Asia-Pacific, at the International Monetary Fund.

 

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First Published: Jan 01 2013 | 8:15 PM IST

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