Subbarao's term as RBI chief ends on September 4, 2013, while the next mid-quarter policy review is due on September 18
NEW DELHI: The government has started search for a new Reserve Bank governor as the incumbent, D Subbarao, who battled inflation through tight money policy during his tenure, is set to exit in five weeks.
"The Governor met me about 6 or 7 weeks ago... He (Subbarao) said that he would like to move on and he would not like to be considered for another extension.
"So I accepted that... That is where the conversation ended. We are now in a search cum selection mode of the new governor," finance minister P Chidambaram said at a press conference
"The Governor met me about 6 or 7 weeks ago... He (Subbarao) said that he would like to move on and he would not like to be considered for another extension.
"So I accepted that... That is where the conversation ended. We are now in a search cum selection mode of the new governor," finance minister P Chidambaram said at a press conference
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