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INDIA: Sources Suggest RBI Chief Das' Term to be Extended

INDIA
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  • Sources Suggest RBI Chief Das' Term to be Extended
  • (Reuters) - The Indian government is likely to extend the term of central bank governor Shaktikanta Das for a second time, three sources with direct knowledge of the matter told Reuters, an unprecedented move that would make him the longest serving chief since the 1960s.
  • "Two government sources with direct knowledge of the matter said no other candidates are being considered at this point nor had any selection committee been set up, with Das' term likely to be extended for at least another year."
  • "The decision is due to be announced after polling in Maharashtra state elections is complete, a third source, also with direct knowledge of the matter said. The country's Election Commission bars the ruling party from making ad-hoc appointments that could affect voter behaviour."
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  • Sources Suggest RBI Chief Das' Term to be Extended
  • (Reuters) - The Indian government is likely to extend the term of central bank governor Shaktikanta Das for a second time, three sources with direct knowledge of the matter told Reuters, an unprecedented move that would make him the longest serving chief since the 1960s.
  • "Two government sources with direct knowledge of the matter said no other candidates are being considered at this point nor had any selection committee been set up, with Das' term likely to be extended for at least another year."
  • "The decision is due to be announced after polling in Maharashtra state elections is complete, a third source, also with direct knowledge of the matter said. The country's Election Commission bars the ruling party from making ad-hoc appointments that could affect voter behaviour."