• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• BL Club
• Smartbuy

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

New Delhi, Dec. 5 The Deputy Governor of RBI, Mr V. Leeladhar, will relinquish office on Monday after serving in the post for a little over four years. The Government was yet to decide on a replacement, official sources said.

Prior to his appointment as RBI Deputy Governor in September 2004, Mr Leeladhar was the Chairman and Managing Director of Union Bank of India and also the Chairman of the Indian Banks’ Association.

As RBI Deputy Governor, Mr Leeladhar was overseeing the departments of information technology, administration and personnel management, human resources development, rural planning and credit department and urban banks.

The RBI Act, 1934, provides that the RBI management should have a full-time Governor and not more than four Deputy Governors.

The tradition of appointing a professional banker as one of the RBI Deputy Governor had come in for some debate in the country, with some bank unions even representing to the Finance Ministry that there was a conflict of interest issue in such a practice.

Meanwhile, sources said that the Government had found a candidate for the Managing Director’s post of State Bank of India. But a Cabinet panel was yet to clear the appointment.

More Stories on : People | RBI & Other Central Banks

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line