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SUBIR GOKARN APPOINTED RBI DEPUTY GOVERNOR

Posted on: Wed, 18 Nov 2009 23:06:00 EST

Symbols: BKIAF

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NEW DELHI, Nov 19, 2009 (AsiaPulse via COMTEX) --
BKIAF | Quote | Chart | News | PowerRating -- Global rating agency Standard
and Poor's Asia Pacific Chief Economist Subir Gokarn has been
appointed as Reserve Bank of India (RBI) deputy governor in
place of Rakesh Mohan who quit months ahead of his
retirement.

"I have received the notification from the government for
becoming RBI deputy governor," Subir Gokarn told PTI.

The post of deputy governor in Reserve Bank has been lying
vacant since mid-June after Rakesh Mohan quit ahead of his
retirement.

The apex bank traditionally has four deputy governors.

Currently, the other three deputy governors are Usha Thorat,
KC Chakrabarty and Shyamala Gopinath.

Before joining S&P in August 2007, Gokarn was chief
economist with S&P's Indian arm Credit Rating and Information
Services of India Ltd. (CRISIL).

He has also worked as an economist with the think-tank
National Council of Applied Economic Research.

(PTI) bl

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