Utilize the input text as a context reference, choose the right relationship between Raghuram Rajan and Reserve Bank of India from the options. Options: product/material produced, manufacturer, distributed by, industry, position held, original broadcaster, owned by, founded by, distribution format, headquarters location, stock exchange, currency, parent organization, chief executive officer, director/manager, owner of, operator, member of, employer, chairperson, platform, subsidiary, legal form, publisher, developer, brand, business division, location of formation, creator.

Dilip Shantilal Shanghvi (Sun Pharma) Vijay Shekhar Sharma (Paytm) Tech Mahindra Limited Vodafone m-pesa Limited After announcing the monetary policy on 4th August, Reserve Bank of India (RBI) governor Dr Raghuram Rajan had said that the Reserve Bank had received recommendations from the external advisory committees and it would announce the names of companies that have won the first lot of licences for payments and small finance banks by the end of this month.

Answer: employer