MUMBAI: The Finance Ministry on Friday sought fresh applications from eligible candidates for the post of deputy governor which remains vacant after SS Mundra retired in July last year after a three-year term.
The latest notice released in National dailies, says that the applicants should have an understanding of bankruptcy, restructuring, turn around and overseeing risk management functions in a large financial institution.
Recently, the finance ministry had also put up such a notice on its website seeking CVs from interested applicants and the last date of submission was set as February 20. The latest public notice has set a new deadline of 14th March. While interviews for the DG post were conducted on July 29 last year, the government decided to restart the process.
According to the notice, applicants should have at least 15 years of experience in banking and financial market operations. Besides, applicants should have extensive experience as a full-time director or board member and possess understanding, at a very senior level, of supervision and compliance in the financial sector.
As per the RBI Act, the central bank should have four deputy governors — two from within the ranks, one commercial banker and one economist to head the monetary policydepartment.
The appointment will be made for a period of three years and the person will be eligible for reappointment, it said.
The deputy governor will draw a fixed salary of Rs 2.25 lakh per month plus allowances, it added.
Strong competencies working with financial performance data, including interpreting, summarising, high level output and strong and clear communication skills on matters of public policy, are also listed as criteria for the post.
[“Source-economictimes.indiatimes.”]