RBI Dy Guv post: Finance Ministry gets about 90 applications

New Delhi: With the post of Deputy Governor of the Reserve Bank vacant following the elevation of Urjit Patel as the Governor of the central bank, as many as 90 applicants are said to have applied for the vacant post.

These applicants include junior government functionaries and bank officials.

"We have received about 90 applications, and after shortlisting at our end forwarded it to Financial Sector Regulatory Appointments Search Committee headed by the Cabinet Secretary P K Sinha," sources said.

Shortlisting was required because some applications were from junior level and some mid-level bank officials, the sources added.

The committee will now further screen and call eligible candidates for the interview.

Applications were invited by the Department of Financial Services and the last date for sending in application was October 21.

The committee may also make nominations for the post. Also, the cabinet secretary-headed panel may recommend relaxation in the eligibility and qualifications or experience criteria in respect of outstanding candidates.

The central bank has four deputy governors - two from within the ranks and one commercial banker and an economist to head the monetary policy department.

Currently, RBI has three Deputy Governors -- R Gandhi, S S Mundra and N S Vishwanathan.

As per the finance ministry's notice inviting application for the post, the candidate should have at least 25 years of relevant experience and be below the age of 60 years.

It said the appointment will be for three years and the person will be eligible for reappointment. The interested candidates should apply latest by October 21.

The post carries a pay scale of Rs 80,000 (pre-revised).

The candidate should have work experience in public administration, including experience at the level of secretary or equivalent in the Government of India, or in an Indian or international public financial institution.