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Kamesam likely to replace Jagdish
Capoor
Mumbai: Vepa Kamesan, currently managing director with
State Bank of India, is likely to replace Jagdish Capoor as deputy governor of the Reserve
Bank of India (RBI) when the latter retires next month. He was earlier the managing
director of State Bank of Travancore and also had a stint as the CEO of State Bank of
India's London operations before becoming its managing director. He also handled the
bank's foreign exchange wing in Kolkatta.
It is expected that G P Muniappan, former
executive director of the RBI, will replace another retiring deputy governor, S P Talwar.
Mr. Talwar has been handling the crucial
departments such as department of banking operations and development, department of
banking supervision and department of non-banking supervision.
Mr. Capoor's portfolio includes industrial
and export credit department; exchange control, rural planning and credit department;
urban banks department, currency management, HRD and internal administration.
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