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RBI union moots collegium to select governors,deputy governors


Acharya, the youngest ever deputy governor, resigned from his position a few weeks back citing "unavoidable personal circumstances".

As per the Section 8 of the Reserve Bank of India Act of 1934, the governor and deputy governors are appointed by the government.

MUMBAI: A day after the Reserve Bank ( RBI) announced resignation of deputy governor Viral Acharya, the central bank's employees association has called for a collegium of experts to select new governor and deputy governors so as to ensure autonomy of the central bank.

Acharya, the youngest ever deputy governor, resigned from his position a few weeks back ...


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