May 26, 2017

Govt. Sets Process For Appointing New Deputy Governor At RBI

S S Mundra

The Process to select a new Deputy Governor (DG) at the Reserve Bank of India (RBI) has been set by the government. S S Mundra, who is current DG will soon demits office at the end of July 2017. Mundra handles portfolio of banking and non-banking supervision, human resource management, financial inclusion and co-ordination.

On RBI website its states that the person should have minimum 15 years of experience in banking and financial market operations, with extensive experience as a full-time director or board member. Also, the candidates must have an understanding, at a very senior level, of supervision and compliance in the financial sector.

According to the government, the person should have an appreciation of the role of banks in large corporate lending, in an environment with strong bond markets.

The candidate’s age should not more than 60 years as on July 31, 2017. The age criteria might be relaxed in case of deserving candidates.

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