RBI Deputy Governor: The Indian government is accepting applications for Deputy Governor of the Reserve Bank. MK Jain is the person holding this position right now, and his or her term will end in June. The government published newspaper advertisements for this on March 19 and extended the deadline for applications to April 10 by the notification that was made.
What should be the qualification?
The notification from the Indian government stipulates that applicants must have at least 15 years of expertise in the banking and financial industries. There may also be one from the private sector. Unfortunately, no deputy governor from the private sector has yet been chosen. As of June 22, 2023, the applicant cannot be older than 60.
This should also be a condition.
Extensive experience serving as a director or board member full-time should be a requirement for applicants. Must possess senior-level financial sector supervision and compliance knowledge, a solid understanding of financial performance statistics, and the capacity to discuss and provide in-depth details on any subject.
What will be the salary?
For this qualification, the government has released a thorough notification. The exact requirements for the position of Deputy Governor have been described in this notification. The application deadline is April 10. As the position of the present deputy governor becomes vacant, a new deputy governor may be chosen in June. The notification states that the new Deputy Governor's monthly remuneration will be Rs 2.25 lakh (Level-17).
Norms can also be relaxed.
Describe how the Financial Sector Regulatory Appointments Search Committee (FRRSASC) is authorized under the notice to locate and make recommendations for any other qualified individual who has yet to apply for the position. The committee may also loosen eligibility, qualifications, and experience standards.