Reddy to take over as RBI chief on Saturday

YV Reddy will take up his post as governor of the Reserve bank of India for a five-year term beginning on September 6th, the RBI said Wednesday.

Source: Reuters

Executive director at the International Monetary Fund, Y Venugopal Reddy, will take over as the central bank governor for a five-year term beginning on September 6th, a spokeswoman for the central bank said on Wednesday.

He will replace Bimal Jalan, who was nominated to the upper house of parliament late last month.

Reddy was deputy gover