The bank's net profit fell to 2,232 crore for its fiscal first quarter to June 30.
Kaushik Basu, whose stint at the World Bank ends on July 31, was being looked at as a serious contender, the sources said
Top Indian private sector lender ICICI Bank, which owns nearly 68 percent of the insurer, is selling up to 181.34 million shares in the IPO.
Modi will also need to reconcile market demands with those from forces within his own administration
Progress on monsoons along with favourable base effect in 2HFY2017 continues to point towards RBI achieving its near 5 per cent inflation target by the year-end
While a pick-up in summer monsoon rains in recent weeks is expected to cool food inflation, most analysts don't anticipate another rate cut before a new governor is on the job
Panagariya, who heads the government's main economic advisory body NITI Aayog, is also India's Group of 20 summit negotiator
With their weak metrics and high bad loans, India's state-run banks have not been investor favourites
Annual growth in electricity production last month slowed to 4.6 per cent from 14.7 per cent in April.
India is gearing up to introduce a six-member monetary policy committee that would vote on interest rates.
The stress in the banking sector, which mirrors the stress in the corporate sector, has to be dealt with in order to revive credit growth.
Here is some background on the candidates seen as potential successors to Rajan at the RBI
As the clean-up has taken hold, loan growth slipped to 10.7 per cent in the last fiscal
Rajan was expected to join the search committee to appoint three external members of a new six-member RBI Monetary Policy Committee
Rajan said India's good economic fundamentals would allow it to overcome any 'sharp corrections' in global markets
RBI promises to take all necessary steps, including liquidity support
While he has plenty of critics at home, Rajan is a favourite among foreign investors and has been credited for bringing inflation under control.
Even before Prime Minister Narendra Modi swept to power in 2014, Subramanian Swamy was agitating for Rajan's removal.
Raghuram Rajan joked he wasn't expecting to win any votes or Facebook 'likes' in the position.
The RBI is not statutorily independent from the government but has long enjoyed wide latitude
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