Want to have the opportunity to drive India’s Financial Economy?
Do you want just another job, or the widest canvas in Finance & Public Policy?
The Reserve Bank of India is much, much more than you thought. RBI is one of the chief architects of the nation’s economy and its decisions touch the everyday lives of all Indians. From ensuring stability of interest rates and exchange rates to ensuring the orderly development of financial markets, the Reserve Bank of India contributes to nation-building.
1. Monetary Authority
The Reserve Bank of India works towards keeping inflation under check and ensures adequate supply of liquidity for the productive sector.
2. Regulator of the Financial System
Prescribes regulations for sound functioning of banks and financial institutions, including non-banking finance companies
• Promotes best practices in risk management and corporate governance to protect depositors’ interest and to enhance public confidence in the financial system of the country
• Encourages use of technology in banks to provide cost-effective service to consumers.
3. Issuer of Currency
Ensures quality and adequacy of currency notes.
4. Management of Foreign Exchange & Custodian of Forex Reserves
Formulates policies to facilitate external trade and payments, facilitates foreign investments in India and Indian investments abroad and promotes orderly developmental conditions in foreign exchange markets.
5. Banker to the Government
Maintains accounts and performs merchant banking function for the Central and the State governments. Encourages development and orderly unctioning of Government securities market. Advises Central and State governments on better cash management.
6. Payment & Settlement Systems
Works towards the establishment of a modern, robust, efficient, secure & integrated payment and settlement systems for the country.
7. Bankers’ Bank
Ensures adequate liquidity in the financial system and in individual banks, on a daily basis • Performs lender of the last resort function.
8. Developmental Role
Performs a wide range of functions to support national objectives such as ensuring orderly growth and development of financial markets and institutions, creating institutions to serve specialised financial needs and extending the organised financial sector to all parts of the economy.
9. Research
Serves as the primary source of information on Indian economy and financial system • Analyses the issues and problems affecting the Indian economy • Renders advice for policy formulation and shaping monetary, banking and financial policies • Warehouses data to enable decision making.
Why Reserve Bank of India?
Unmatched experience
You get to work in an unique public policy institution, one of the most respected organizations of the country with impeccable integrity and values – in a work environment that is conducive for achieving excellence.
Touch the lives of billions
Your everyday job can make a difference to a farmer, a small entrepreneur, an exporter, a firm, a bank and most important, to every common man.
Wider Canvas
You get an opportunity to work on a wider canvas of operations, you are involved in formulation of policies, you get multi-disciplinary job content and an opportunity to contribute to nation building.
Team up with the Best
You get to be a member of a team that shapes financial policies. You work with the government and top level financial minds. You work with international organisations to contribute to thinking on global best practices
Spearhead the Change
You initiate and monitor reforms and changes in India’s financial environment and manage an economy in transition. Your job offers the challenge of driving a nation on the move.
Go Global
You get an opportunity to interact with some of the brightest minds across sectors of economy and across the globe.
Do Research that Matters
You do research that induces policy changes - you have information and data at your fingertips.
Professional & Personal Development
RBI provides one of the most intense training programs at its own training establishments and outside, within India and abroad. Incentives for self-development include scholarships and paid leave to acquire higher qualifications at leading universities and business schools in India and
abroad. We also offer opportunities for participation in national and international level conferences and deputations in other organizations.
Central Banking Mystique
Central bankers are associated with a certain mystique. They are an elite breed and command respect - nationally and internationally.
Work Place Sociology
Participate in the decision making process that encourages freedom of expression and independence of views as well as a collective approach. Come to work in an environment that deals with cutting edge issues and excellent workplace sociology.
RBI offers an attractive compensation package which includes various perks & facilities to its employees.
Challenge, Satisfaction, Respect
How do you join us?
Reserve Bank of India is an ‘equal opportunity employer’. This means you have to write an examination which will test your analytical skill, logical thinking, awareness of latest developments and in depth knowledge of a chosen subject. In the first phase of the examination, you will be tested
on quantitative aptitude and reasoning, general awareness and English language. Those who qualify will be tested in the second phase on English (writing skills), Economic & Social Problems and one optional subject from Finance & Management, Economics or Statistics. Those of you who
qualify the second phase will be called for interview. For details please see rbi.org.in>opportunities@RBI>career with central Bank>Revised process of recruitment of officers in Grade ‘B’(DR)
How to apply?
The Bank advertises the vacancies in leading news papers as well as in Employment News/Rozgar Samachar from time to time. The details are also available on the Bank’s website (www.rbi.org.in)
Those selected will commence their career with an intensive induction programme which is a mix of theoretical inputs and experiential learning.
Where will you be located?
The RBI is located in 32 centres, mostly in State capitals. It’s Central Office is in Mumbai. You could be located at any of these centres during your career.
Who are we looking for?
Young and dynamic talent having strong analytical skills, capacity to learn new skills quickly along with the ability to use initiative, set own targets and use sound reasoning to make decisions are key qualities. Attitude, commitment, flexibility, communication skills and team spirit are other essential qualities.
Courtesy: RBI
