With reference to Devangshu Datta's piece, "Tightrope walk for next RBI governor" (July 4), barring a few - say, the likes of former chief election commissioner T N Seshan and Raghuram Rajan, the outgoing governor of the Reserve Bank of India - all others have been unable to make people understand the importance of their posts. Their impact was deep, hence, they became the talk of the town.
Rajan's successor at Mint Street will have a tough time resolving some of the compelling issues confronting the Indian economy, including managing volatilities. Banks are passing through a complex phase in terms of ever-increasing non-performing loans denting their profitability.
The government is looking for someone who is an economist and knows how to deal with the current issues. The key also lies in how effectively the next RBI governor will strike a balance between North Block and the Prime Minister's Office.
Srinivasan Umashankar, Nagpur
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