News makers:
25 Jun 2001
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.
