The Indian government is on the verge of announcing the next head of the country's central bank, according to an article on the FirstPost website.

Quoting a subscription news service, Cogencis, Finance Minister Arun Jaitley is meeting with Prime Minister Narenda Modi Thursday to make a final call on who should succeed Raghuram Rajan as governor of the Reserve Bank of India.

According to FirstPost, the government has a shortlist of three possible candidates:

RBI Deputy Governor Urjit Patel

Former RBI Deputy Governor Subir Gokarn

Kundapur Vaman Kamath, non-executive chairman of ICICI Bank.

Rajan will leave the post of governor next month after a three-year stint in which he pushed banks to handle their bad debts better and worked to help stabilize India's economy. Last week, speaking to CNBC TV18, Rajan claimed to have achieved almost everything he set out to do.

"There are some things that remain unfinished, but my sense is 90 to 95 percent of what I wanted to do ... are done," Rajan said.

"Everything I wanted to do was structured for a three-year horizon," he added.

First Published:Aug 19, 2016 7:45 AM IST