Mundra will replace Justice Vikramajit Sen.
Fomer RBI deputy governor S S Mundra Friday said that privatisation is not a panacea for all the ills and this myth has long been busted
The RBI Deputy Governor will demit the office on July 31
What we always do is to curb the undue volatility in the forex market, says Mundra
His comments come to the fore as SBI chairperson Arundhati Bhattacharya's three-year term ends on Saturday
Bats for five-year stint for PSB chief executives
Mundra also said Urjit Patel's appointment as the next governor of RBI will ensure continuity of policy
Mundra further said his colleague Patel has been continuously involved with RBI and has a clear opinion on all issues
Narendra Modi administration has set a target to double farm income by 2022
Says it leads to over-indebtedness of customers, results in default and spoils their credit history
The RBI deputy governor said rural credit distribution imbalance is another problem that affects rural development