your password has been reset successfully, Please login again.

Sudha Balakrishnan appointed as the first CFO of RBI

As CFO, Balakrishnan will also be in charge of the dividend RBI pays to the government
BY BEx Bureau
BusinessEx
May 28, 2018

National Securities Depository Limited (NSDL) executive Sudha Balakrishnan has been appointed the first chief financial officer of the Reserve Bank of India (RBI), according to TOI.
This is one of the biggest organisational change since Urijit Patel became the RBI Governor in September 2016. RBI has been looking for a CFO since May 2017. A foreign bank executive was reportedly selected for the post but did not join due to differences in remuneration. In October 2017, RBI again advertised for the CFO's position and after all the process selected Sudha Balakrishnan.
Balakrishnan is a chartered accountant recently became the vice-president at the NSDL. She will be the 12th executive director at RBI for a tenure of three years.
Balakrishnan will be in charge of the central bank's balance sheet and her duties include, accounting policies and procedures comply with the regulation. She will look after the government and bank account department, which processes transactions like payments and revenue collections.
As per the recruitment notice, the new CFO will be responsible for communicating an accurate and timely reporting of the central banks financial performance and oversee its budgetary processes.

Please add your Comment
SIMILAR News
June 22, 2018
He may be still eligible to get about 6.95 million dollar in deferred compensation, retirement payme ...More
By Sanjana Surbhi
June 22, 2018
The latest funding, led by Naspers and billionaire Yuri Milner’s DST Global, values Swiggy at roughl ...More
By Sanjana Surbhi
June 22, 2018
Mittal was the third business leader from India in the history of ICC to be appointed as the Chairma ...More
By Sanjana Surbhi
June 22, 2018
Nokia has selected HCL Technologies as part of an important effort of streamlining Nokia’s outsource ...More
By Sanjana Surbhi
June 13, 2018
It announced in April to bring its stake to 21 percent ...More
By Sanjana Surbhi
June 13, 2018
The fund plans to invest in seven to eight startups this year ...More
By Sanjana Surbhi
June 12, 2018
About 80% of V-Mart’s stores are located in cities with a population below one million ...More
By Sanjana Surbhi
June 08, 2018
Sunil Sood has been the MD and CEO of Vodafone India since April 2015 ...More
By Sanjana Surbhi
June 08, 2018
Reliance is set to become one of the largest non-conventional gas producers in India through the pro ...More
By Sanjana Surbhi
June 01, 2018
Sequoia India, which first invested in Pine Labs in 2009, remains the company’s largest shareholder ...More
By Sanjana Surbhi
June 01, 2018
Maiya initially raised funds from Ascent Capital and later from Peepul Capital ...More
By Sanjana Surbhi
May 31, 2018
WeWork operates nearly 1-million-sqft space at present and has a million sqft more signed up already ...More
By Sanjana Surbhi