In line with sources, 5 candidates have been shortlisted, together with a non-executive chairman of a public sector financial institution.
The Monetary Sector Regulatory Appointment Search Committee (FSRASC) headed by Cupboard Secretary would interview candidates in Delhi, the sources stated.
The chosen identify from the interview shall be despatched to the Appointments Committee of the Cupboard, headed by the Prime Minister, for closing approval.
In addition to the Cupboard Secretary, different members of FSRASC embrace the RBI governor, the monetary providers secretary and two unbiased members.
In line with the RBI Act, 1934, the central financial institution ought to have 4 deputy governors — two from inside the ranks, one industrial banker and an economist to go the financial coverage division.
At present, the RBI has 4 deputy governors — M Ok Jain, Michael Debabrata Patra, M Rajeshwar Rao and T Rabi Sankar.
The deputy governor appointments are made for an preliminary interval of three years, and the particular person is eligible for reappointment. The deputy governor will get a set wage of Rs 2.25 lakh monthly plus allowances.