RBI Deputy Governor

Acharya, who resigned after run-ins with the government last year, said the dip in financial savings is also another reason which can explain the disagreements between Mint Road and North Block

The post had fallen vacant after senior-most deputy governor N S Vishwanathan demitted office three months ahead of his extended tenure on March 31

The apex bank has four deputy governors. Other three are N S Vishwanathan, M K Jain and Michael Debabrata Patra

Das also clarified that at the moment there is no plan to monetise government deficit

I am sure Dr Patra will get the fullest cooperation from the finance minister, who needs workhorses, not prima donnas constantly looking to improve their CVs

All these departments, in the past six months, were being managed by the three deputy governors

Soft spoken, articulate, and celebrated for his disciplined and original research work, Patra is known to take hawkish stance who constantly prefers rate hikes

Michael Patra will take over as the fourth deputy governor at the Reserve Bank of India

RBI working on corporate governance rules in line with global standards, says Vishwanathan

CRL was launched in September by MFIN and Sa-Dhan, an RBI-recognised association of MFIs, along with Finance Industry Development Council, an association of NBFCs

Acharya also emphasised that the time is "really ripe" for land, labour and agricultural reforms in India.

At present, there are three deputy governors - N S Vishwanathan, B P Kanungo and M K Jain

The FSRASC committee can recommend relaxation in the eligibility and qualifications/experience criteria, in respect of outstanding candidates

The situation is not impressive in corporate bonds either

The position fell vacant after Viral Acharya resigned six months before the scheduled end of his term

Shwanathan is known to be one of the key architects behind the revised norms

A defaulter, whatever the reason may be, is still a defaulter and there is no reason for the regulator to treat him differently

Growth in the states' aggregate expenditure has outpaced that of the central government for each of the years since 2011-12

A few names from the private sector have also been shortlisted, sources said

S S Mundra said there was no specific timeline set to identify additional loan defaulters