For the second time in a row, the Reserve Bank of India (RBI) has avoided the unpleasant situation of a senior official reporting to a junior one. This happened this week when H R Khan was appointed the new deputy governor superseding three others, V K Sharma, V S Das and G Gopalakrishna. But Khan’s portfolios were allocated in such a way that the three do not have to report to him directly. A similar situation was avoided in February, when Anand Sinha was appointed deputy governor, superseding V K Sharma. As a result of this shuffling, RBI officials have raised the question: if seniority is so sacrosanct, why doesn’t the search committee, which is headed by the governor, simply recommend the senior-most person for the job?

Chinese Whispers -  Dead serious -  Realty check -  Didi's field day -  Taxing philosophy -  What GSDP really means  More

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets post worst May performace since 2006 - Kavveri Telecom Q4 net declines over 6% - Wall Street opens flat on economy worries - RIM to set up first BlackBerry innovation zone in India - Rajaratnam bragged about sources of inside info: Gupta lawyers

Tags : RBI | H R Khan | V K Sharma | V S Das | G Gopalakrishna |   Read Business news in  Advertisements -  Help a Child Achieve her. Click to know more -  Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol. -  Watch The Film Here. Click here to know more.. -  1 billion in saving for Unilever without any tangles. -  A Brand New Server at a Price That Fits Your Budget. Click here -  One Partnership Endless Possibilities. Click here to know more -  Which is the best plan for your daughter -  Check out the TRUE COLOURS of your Stocks, Now for FREE! -  One of the leading business schools in the world.Know More -  Invest in Real Estate. Villas in Bangalore starting @ Rs.66 lacs