A meeting has been called to select the next Deputy Governor of RBI in the 1st week of January. The selection committee headed by RBI Governor Dr. D. Subbarao also constitutes the Cabinate Secretary, the Principal Secretary to PM, Finance Secretary Mr. Arun Ramanathan and DOPT Secretary. No guess on who the front runner is. Both South and North blocks are pushing for Mr. T.S. Narayanasami, Chairman Bank of India.