HomeEconomyIndia EconomyCentre invites applications for RBI Deputy Governor

Centre invites applications for RBI Deputy Governor

The government put out ads on Sunday asking for people to apply for the job of Deputy Governor of the Central Bank of India (RBI). Deputy Governor Michael Patra’s term was set to end on January 14, 2023, but it was extended by one year in January.The cabinet appointment committee, led by Prime Minister Narendra Modi, accepted Patra’s reappointment. Yet another Deputy Governor, M. Rajeshwar Rao, will leave office in October of this year.

The government said on Sunday that interested people may apply to the Department of Financial Services by April 10. “The ideal applicant, not older than 60 years old as of June 22, 2023, must have at least 15 years of experience in commercial banking and financial market operations, with knowledge in corporate banking, bankruptcy law, and risk management,” the advertising said.

The appointment of the RBI Deputy Governor will be for three years at first, with the nominee being eligible for reappointment. The notification says that the Financial Sector Regulatory Appointments Search Committee (FRSRASC) may also find and recommend a qualified person who has not applied for the position of RBI Deputy Governor.

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