RBI deputy governor's post: Five bankers to face interview on June 1

RBI Deputy Governor M K Jain's term will end on June 21, 2023 after a five-year tenure

Five bankers will appear for an interview for the Reserve Bank of India (RBI) deputy governor’s post on June 1, sources said.

Three of them are current MDs & CEOs, one is a managing director of State Bank of India, and another — Srinivasan Varadarajan — is the non-executive chairman of Union Bank of India. Varadarajan, who was a deputy managing director in private sector lender Axis Bank, was joined Union Bank on November 7, 2022.

The other four bankers are AS Rajeev, MD & CEO of Bank of Maharashtra; Soma Sankara Prasad, MD & CEO, UCO Bank; S L Jain, MD