RBI Dy Guv Kanungo may get extension; interviews to find successor nixed

The move comes at a time when the central bank is working on digital currency

In a fresh twist in the appointment process of deputy governor for the Reserve Bank of India (RBI), the government has cancelled the interviews for the selection, paving the way for incumbent Deputy Governor B P Kanungo's extension.

The interviews, scheduled for March 10, were postponed at the last minute. While 12 out of 13 executive directors, who were eligible for the interview, were called, five of them decided to opt out.

Now central banking sources indicate that the interviews have been cancelled. The selection process was initiated to find a replacement for Kanungo whose present term ends on April