The Government of India has invited applications for the post of RBI deputy governor by November 30 to replace incumbent Michael Patra at the Reserve Bank of India (RBI).
Applicants need to have at least 25 years of work experience in public administration or similar years of experience in an Indian or international public financial institution.
The government will also consider persons of exceptional merit and track record at the national or international level in the relevant fields. However, the Financial Sector Regulatory Appointments Search Committee ( FSRASC) is free to identify and recommend any other person also, based on merit, who has not applied for the post, an advertisement in newspapers and also on the RBI website said.
"The committee may also recommend relaxation in the eligibility and qualifications / experience criteria, in respect of outstanding candidates," the advertisement said.
Patra, has been deputy governor incharge of the crucial monetary policy department for close to six years starting in January 2020. He is on his second one year extension which will end in January 2025.
Patra has been an exception in the RBI because unlike his predecessors who were economists from outside the central bank, he has risen through the ranks.
The government will look for candidates of not more than 60 years of age as on January 15, 2025. The post carries the pay scale of Rs. 2,25,000 per month, the RBI said.
The appointment will be for a period of three years and the person will be eligible for re-appointment.
Applicants have to fill a form along with a CV, one passport size photograph and names & contact details of three references, submitted to Sanjay Kumar Mishra Under Secretary, Department of Financial Services Ministry of Finance, New Delhi.
Applicants need to have at least 25 years of work experience in public administration or similar years of experience in an Indian or international public financial institution.
The government will also consider persons of exceptional merit and track record at the national or international level in the relevant fields. However, the Financial Sector Regulatory Appointments Search Committee ( FSRASC) is free to identify and recommend any other person also, based on merit, who has not applied for the post, an advertisement in newspapers and also on the RBI website said.
"The committee may also recommend relaxation in the eligibility and qualifications / experience criteria, in respect of outstanding candidates," the advertisement said.
Patra, has been deputy governor incharge of the crucial monetary policy department for close to six years starting in January 2020. He is on his second one year extension which will end in January 2025.
Patra has been an exception in the RBI because unlike his predecessors who were economists from outside the central bank, he has risen through the ranks.
The government will look for candidates of not more than 60 years of age as on January 15, 2025. The post carries the pay scale of Rs. 2,25,000 per month, the RBI said.
The appointment will be for a period of three years and the person will be eligible for re-appointment.
Applicants have to fill a form along with a CV, one passport size photograph and names & contact details of three references, submitted to Sanjay Kumar Mishra Under Secretary, Department of Financial Services Ministry of Finance, New Delhi.
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