Business News | Finance Ministry Invites Applications for RBI's Deputy Governor
Get latest articles and stories on Business at LatestLY. According to a public statement which came on RBI website, the person should have at least fifteen years of experience in banking and financial market operations and extensive experience as a full-time director/board member.
Mumbai (Maharashtra) [India], March 20 (ANI): The Finance Ministry has invited applications for the post of deputy governor of the Reserve Bank of India (RBI) to be appointed in place of MK Jain whose tenure comes to an end in June.
According to a public statement which came on RBI website, the person should have at least fifteen years of experience in banking and financial market operations and extensive experience as a full-time director/board member.
Also Read | Carlos Alcaraz Becomes World No. 1 Again After Winning Men’s Singles Title at Indian Wells Masters 2023.
The statement said the person should have an understanding of bankruptcy /restructuring /turnaround/credit models, or overseen the risk management function in a large financial institution.
Among the requirements, the person should not be more than 60 years of age as on June 22, 2023. The last date of application for the post is April 10.
Also Read | Ramadan 2023 Date: Moon Sighting Tomorrow in Saudi Arabia, UAE, Qatar; Ramzan Timetable To Be Decided.
Strong competencies working with financial performance data, including interpreting, summarising and communicating high-level output and strong and clear communication skills on matters of public policy are also listed as criteria for sending an application.
The appointment will be for a period of three years and the person will be eligible for re-appointment.
Currently, the other three Deputy Governors of the RBI are Michael D Patra, T Rabi Sankar and Rajeshwar Rao.
MK Jain had served as the managing director and chief executive officer of IDBI Bank before being appointed as the deputy governor of the Reserve Bank Of India. Before joining IDBI Bank, he headed Indian Bank. (ANI)
(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)