RBI Deputy Governor Subir Gokarn retires

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The Deputy Governor of the Reserve Bank of India (RBI) Subir Gokarn retires. So the Governor of RBI D Subbarao will now be directly in-charge of the monetary policy department which was earlier under Subir Gokarn. Actually Gokarn's three years term had ended in November 2012, but the government had given him one-month extension which expired on December 31, 2012. 

The government is yet to finalize the next Deputy Governor of RBI. There are four deputy governors in RBI, of which two are from the central bank itself, one is from the banking sector and the fourth is an economist. Prior to joining RBI, Gokarn was the Chief Economist of Standard & Poor's Asia-Pacific. 

Update : Economist and public finance expert Urgit Patel stepped into the shoes of Subir Gokarn. Read the Complete Story Here

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