Reserve Bank of India appoints Sudha Balakrishnan as its first CFO

The appointment will initially be for a of three-year period, which could be extended further, subject to annual review

Sudha Balakrishnan, until recently the vice-president of National Securities Depository Ltd (NSDL), has been appointed the first chief financial officer (CFO) of the Reserve Bank of India (RBI) with effect from May 15, according to an Economic Times report.

Balakrishnan, a chartered accountant, will be the 12th executive director of the RBI.

A recruitment notice issued by the RBI in October, 2017 said that the new CFO, in one of his/her key roles will be in charge of the Department of Government and Bank Accounts and will responsible for formulating the accounting policy of the Bank, maintaining the internal accounts