Other members of the high-level advisory committee are former RBI Deputy Governor Usha Thorat, former Securities and Exchange Board of India Chairman C B Bhave, and Nachiket M Mor, Director of the Central Board of Directors of RBI, Governor Raghuram Rajan said.
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A rule change may make Nachiket Mor, among others, eligible to replace Chakrabarty.
The RBI has agreed to consider the application of India Post in consultation with the government.
Raghuram Rajan has appointed him as head of several committees soon after taking charge.
Two key depts in ministry cold to rationale for one; postal dept says it's more eligible than IDFC or Bandhan, feels 'strong lobby' scuttling its plans.
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