D Subba Rao appointed Reserve Bank of India Governor

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New Delhi, Sep 1 (UNI) Mr D Subba Rao, Secretary, Department of Economic Affairs in the Ministry of Finance, was today appointed Governor of the Reserve bank of India.

He succeeds Dr Y B Reddy, who will be retiring soon.

Mr Rao's appointment was announced by Finance Minister P Chidambaram here today. His term will be for three years.

Mr Subba Rao, an IAS officer of Andhra Pradesh cadre, is a post-graduate in Physics and PHD in economics.

UNI GS PK UCS1856

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