Government invites applications for the post of Deputy Governor of RBI, Michael will be appointed in place of Devvrat Patra – ..

New Delhi, 04 November (HS). Government Reserve Bank of India (RBI) on Monday invited applications for the post of Deputy Governor. This appointment will be in place of the current Deputy Governor Michael Devvrat Patra, whose extended tenure ends on January 14, 2025.

According to the notification issued by the Finance Ministry on Monday, this post of Deputy Governor of RBI is for economists. According to the Finance Ministry, the selected candidate will look after the Monetary Policy Department and will also be a member of the rate setting committee ‘Monetary Policy Committee’. Candidates age should not be more than 60 years as on January 15, 2025. This appointment is for a period of three years and the person will be eligible for reappointment. The monthly salary for this post will be Rs 2.25 lakh (Level-17). The last date for submission of applications in the Department of Financial Services of the Finance Ministry is November 30. There are four posts of deputy governors in the Reserve Bank. One economist, one commercial banker and two from the bank are appointed to look after the monetary policy department.