Centre invites applications for RBI Deputy Governor

The centre on Sunday rolled out advertisements, inviting applications for the post of RBI’s (Reserve Bank of India) Deputy Governor.

The centre on Sunday rolled out advertisements, inviting applications for the post of RBI’s (Reserve Bank of India) Deputy Governor. Deputy Governor Michael Patra in January had got an extension for the period of one year, after his tenure ended on January 14, 2023. The Appointments Committee of the cabinet, headed by Prime Minister Narendra Modi, approved the re-appointment of Patra. However, another Deputy Governor, M Rajeshwar Rao’s tenure is to get over in October this year.

Advertisement

The government on Sunday through the advertisement said that interested candidates can apply to the department of financial services by April 10. “The ideal candidate – aged not more than 60 years as on June 22, 2023 – is required to have at least 15 years of experience in commercial banking and financial market operations with expertise in corporate banking, bankruptcy law and risk management,” they said in the advertisement.
RBI Deputy Governor’s appointment will be initially for a period of three years, and the candidate further will also be eligible for reappointment. According to the notice, the Financial Sector Regulatory Appointments Search Committee (FRSRASC) can also identify and recommend any other person based on merit, who has not applied for the post of RBI Deputy Governor.