more-inSudha Balakrishnan, a former vice president at National Securities Depository Ltd., assumed charge as the first Chief Financial Officer (CFO) of the Reserve Bank of India (RBI) on May 17. An e-mail seeking comment from the central bank remained unanswered till the time of going to press. The Reserve Bank of India Officers’ Association had earlier opposed the move on the ground that there was no statutory or legal requirement for the appointment of a CFO. It had also contended that since no accounting standards were strictly applicable to a central bank, the need for a CFO appeared superfluous. Job profileThe central bank had been advertising the position since May 2017.

Source: The Hindu May 28, 2018 15:45 UTC