• search
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

RBI appoints Sudha Balakrishnan as its first CFO

|

Reserve Bank of India (RBI) on Monday appointed Sudha Balakrishnan as its first chief financial officer (CFO) effective from May 15, according to news report.

This is the biggest organisational change ever since Urjit Patel took over as RBI Governor in September 2016.

RBI appoints Sudha Balakrishnan as its first CFO

As CFO, Balakrishnan will also be in charge of the dividend RBI pays to the government, which is crucial in the final budgetary calculations.

Balakrishnan, a chartered accountant, was until recently a vice-president at the NSDL, India's first and largest depository. She will be the 12th executive director at RBI, and will serve a three-year term.

RBI has been on the look out for a CFO since May 2017 when it first advertised for the post. A foreign bank executive was reportedly selected for the post, but declined to join due to differences in remuneration.

For Daily Alerts
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more