Former finance secretary and current member of the finance commission Shaktikanta Das is likely to become the new Reserve Bank of India (RBI) governor, said sources familiar with the matter.
Das was appointed as India's sherpa at the recent two-day annual G20 meeting held at Buenos Aires. A former civil servant, Das is also a member of the 15th Finance Commission.
Urjit Patel on Monday resigned from his post on account of personal reasons, with immediate effect.
The 54-year old Indian economist had served as the deputy governor for three years before his appointment as the governor on September 4, 2016.
"It has been my privilege and honour to serve in the Reserve Bank of India in various capacities over the years. The support and hard work of RBI staff, officers and management has been the proximate driver of the Bank’s considerable accomplishments in recent years. I take this opportunity to express gratitude to my colleagues and Directors of the RBI Central Board, and wish them all the best for the future, " Patel said in a statement.
First Published: IST