new delhi jul 5 government is likely to announce successor to raghuram rajan the outgoing governor of rbi after prime minister narendra modi returns from his fiveday four nation tour of africa a top official said today a new governor will be named after prime minister returns from his africa tour on july 11 the official said rajans threeyear term will come to an end on september 4 as he last month announced that he would return to academia and not seek a second term top contenders for the post are former deputy governors of the reserve bank of india subir gokarn and rakesh mohan gokarn is an executive director at the international monetary fund a post previously held by mohan others who are said to be in the fray for job include sbi chief arundhati bhattacharya and economic affairs secretary shaktikanta das governments chief economic adviser arvind subramanian and the rbis current deputy governor urjit patel are also considered to be in reckoning incidentally patel got a threeyear extension as rbi deputy governor in january traditionally prime minister picks the rbi governor after consultation with the finance minister the same process is likely to be followed this time around with modi choosing rajans successor after consulting arun jaitley sources said once a new governor is named he will become an officer on special duty osd in the central bank to allow smooth transition rajan who will have the shortest tenure as rbi governor since liberilsation began in 1991 decided not to seek a second term after unbridled political attacks on him was led by bjp mp subramanian swamy all rbi governors in past 23 years have got second term from dr c rangarajan 199297 bimal jalan 199703 yv reddy 200308 to d subbarao 200308 rajan will break that chain jd anz abk