BUSINESS

Selection Panel On Viral Acharya Replacement To Be Set After Budget

Viral Acharya

New Delhi: Following the resignation of Viral Acharya as RBI Deputy Governor six months before his tenure ends, the government and the Reserve Bank of India will set up a selection panel after the Budget to look for his replacement. The General Budget will be presented on July 5.

Acharya has asked to be relieved from July 23 in his resignation letter. The post will be advertised and applications will be invited for the same, while sources said Principal Economic Advisor at the Finance Ministry Sanjiv Sanyal may also be fielded.

The post has generally gone to an economist outside the central bank and this is where Sanyal could be a contender, sources said adding however the choice will be subject to the decision of the selection panel and will be transparent.

Prior to Acharya, the post was held by Urjit Patel who later became RBI Governor. Sanyal was Deutsche Bank AG’s global strategist in Singapore until 2015.  (IANS)

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