K V Kamath New Finance Minister

Kv kamath veteran banker and chairman of brics bank is soon expected to be inducted as minister of state in the finance ministry news agency ians reported citing unidentified sources.

K v kamath new finance minister. Many media have carried this ians report on kamath s possible entry in cabinet 1. Ians has come out with a scoop that prime minister narendra modi may induct icici bank promoter k v kamath as the new finance minister. The indo asian news service ians is a small news agency that is controlled by the debt ridden industrialist anil ambani. Kamath was the former chief of the new development bank of brics countries previously he has also served as the chairman of infosys limited the second largest indian it services company and as the non executive chairman of icici bank india s largest private bank.

We all know that banker kv kamath quit his post as president of national development bank ndb recently. Kamath also served as icici bank s founder and managing director and ceo from 1 may 1996 until his retirement from executive responsibilities on 30 april 2009. The issue will also be widely discussed not only within the country but also abroad. Kamath 72 may get the minister of state mos for finance portfolio while dasgupta 64 may become mos in the human resource development hrd.

Prime minister narendra modi may induct new development bank president k v kamath and rajya sabha member of parliament swapan dasgupta into his council of ministers news agency ians reported on saturday. Latest whispers are that k v kamath currently head of new development bank of brics countries may be taken in as advisor in the finance ministry after his return from his present assignment in may. Now this coincided with the news that prime minister. K v kamath left with pm narendra modi.

One thing is certain with this wide publicity he will not be minister finance. He completed five years in office. Kamath 72 has served as chairman of private sector icici bank and software behemoth infosys in the past. Kamath is front runner for next finance minister january 16 2020 new delhi.

Now that prime minister narendra modi is meeting dozens of people to see how to fix the indian economy new delhi s rumour mills are abuzz about a new finance minister soon after the coming budget replacing the current finance minister nirmala sitharaman. If kamath becomes finance minister it will be a deviation from traditions and paves way for great changes. Kv kamath s recent exit as the president of the national development bank led by the five brics member countries has added fuel to speculations. The same rumours are back with delhi and mumbai buzzing on icici banks former chairman k v kamath becoming india s finance minister.

Kamath is currently facing a probe by the central bureau of investigation cbi in two bank loan fraud cases. Kundapur vaman kamath commonly referred to as k.