YV Reddy is new RBI Governor for next five years
New Delhi: Dr Y. Venugopal Reddy has been appointed as the new governor of the Reserve bank of India for the next five years.

Dr Reddy is at present India's executive director to the International monetary fund (IMF). He will assume office from the day the present governor, Dr Bimal Jalan, leaves.

Dr Reddy belongs to the 1964 batch of the Indian Administrative Service (IAS), and has earlier held the position of deputy governor of the RBI and looking after monetary policy and internal debt management sections before moving over to the IMF in August 2002. Prior to this, he had a stint at the ministry of finance as the secretary, banking.

Dr Reddy's candidature got preference over the claims of two other contenders for the governor's post - Dr Vijay Kelkar, currently advisor to the finance minister, Mr Jaswant Singh and Dr S. Narayan, a top bureaucrat at the prime minister's office and also the former finance secretary.
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Ranjana Kumar appointed Nabard chief
Mumbai: Ms Ranjana Kumar, the present chairperson and managing director of Indian Bank, is set to take charge as chairperson of Nabard. Ms Kumar, whose appointment will soon be formalized, will be the first lady to head the apex agriculture refinance institution. Her tenure will last for over two years. She takes over Nabard at a time when Nabard is getting into direct lending via co-financing with various banks.
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