Friday, December 19, 2014

RBI Governor #Raghuram Rajan not to head #BRICS Bank

Raghuram Rajan, governor of the Reserve Bank of India is not going to head the BRICS Bank, according to finance ministry sources. There are media reports that Reserve Bank of India Governor Raghuram Rajan is in the running for the job.It was agreed at their sixth Summit of BRICS in Fortaleza that India will nominate the first president of the bank and that its headquarters will be located in China.