The RBI cut the rate several times last year to reduce it by 125 basis points to the current 6.75 percent.
The candidate will be expected to have at least two to three years of remaining service.
The total market valuation of all BSE-listed firms on Thursday regained the Rs 100-trillion mark as the benchmark Sensex climbed over 600 points after the RBI surprisingly cut interest rate by 25 basis points.
RBI Governor Raghuram Rajan on Friday pitched for incentivisation of domestic savings to boost investments in the country.
India's industrial output unexpectedly contracted 4.2 percent year-on-year in October, dragged down by a fall in the manufacturing and the capital goods sector, government data showed on Friday.
Country's largest private sector lender ICICI Bank has announced a hike in its ATM charges for saving account holders from January 1 next year.
Foreign brokerage Bank of America Merrill Lynch (BofAML) on Friday said a "dovish" Reserve Bank will slash key interest rates by 0.25 per cent at the February review meet and will do cuts of 0.75 per cent in 2015.
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The rate cut, the industry chambers argued, could have given a positive signal to the manufacturing sector, which is undergoing difficult times.
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The repo rate continues to be at 8 per cent while the cash reserve ratio has also been retained at 4 per cent despite inflation based on the Wholesale Price Index coming down to a 5-year low of 1.77 per cent in October.
Investors watch out for cues from the on-going winter session of the Parliament.
RBI, govt steps to help banks end NPA woes by Mar'17: Rajan
The WEF meeting is crucial because of its theme encompassing globalisation at the time of rising nationalism and trade war, and the fourth industrial revolution due to rapid strides being made in robotics and artificial intelligence.
The global financial services major had earlier said that the central bank would keep its policy rates on hold.
he feels they are prone to misuse by borrowers, including farmers, and suggested a rate ceiling for loans by micro finance lenders.
An official said that people in the government were aware of the benefits as well as the drawbacks of issuing overseas sovereign bonds, and there will be consultations with all stakeholders.
'This is not Ahmedabad Gymkhana but people's house'
In a string of tweets and replies, Swamy also said that GST can be implemented only if the Supreme Court clears a petition on levy of entry tax
Rajan encouraged the Indian-American business community to get involved in the 'nitty gritty of the implementation process,' saying such involvement was not difficult especially since the Indian government has the political will to reform.
Forex dealers said besides fresh demand from importers for the American unit, a lower opening in the domestic equity market as well as decline in industrial production growth to 4-month low of 0.5 per cent in July, put pressure on the rupee.
Led by the country's largest lender State Bank of India, banks have opened over 3 crore basic accounts within a fortnight of the launch of the scheme on August 28.
RBI Governor Raghuram Rajan, who had predicted the 2008 financial meltdown, has said that abrupt reversal of low interest rates globally could create substantial amounts of damage and that it should be done in predictable and careful way.
RBI Governor Raghuram Rajan is expected to express that cautiousness as he looks to manage expectations.
No need for extra stimulus, India to hit around 8 pct growth: adviser
The rapid deceleration in prices has ignited a debate in New Delhi whether Asia's third-largest economy is heading towards deflation.
The payments banks are intended to house transactional accounts for individuals, focusing on payments and remittances.
A bit of good news is that it has already mopped up $19 billion in forwards in May.
Though valuations have moderated, they are still above average.
An unexpected devaluation of yuan saw it plunge the most in 20 years.
He made the attack on Jung while joining a protest by BJP MP Maheish Girri, who demanded an apology from CM Kejriwal for linking him to the murder of an NDMC official.
'Raghuram Rajan's contribution to the country's economy is "exemplary" and he would always be remembered for his outstanding work.'
The WPI number follows retail inflation (CPI) data, which had slipped to a record low of 3.78 per cent in July.
India will witness good growth under the present government.
RBI had received 72 applications for small finance bank licences.
'For every person there is a different way that you show respect for your country...my mother-in-law will say karmayogi is the way to go - do your work.'
'We will supply dollars in case of extreme volatility.'
Prices are likely to rise further as demand grows in coming months due to festivals
As the Reserve Bank maintained a status quo on key policy rates, analysts said higher demand due to supply constraints will not allow inflation to ease as quickly as anticipated and the apex bank may be forced to increase rates once more by the year-end.
The industry also emphasised on supply-side interventions by the government to tackle persistently high food inflation.
Of the three major Budget announcements related to the banking sector, privatisation of PSBs is the most audacious, says Tamal Bandyopadhyay.
Indian economy has good fundamentals and sizeable foreign reserves, RBI Governor Raghuram rajan said.
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