The Reserve Bank of India (RBI) will soon have a chief financial officer (CFO) to oversee financial reporting and accounts, besides shaping policies.
Spelling out job responsibilities for the CFO, who will be of the rank of executive director, the RBI said he or she would be responsible for “accurate and timely presentation and reporting of financial information”.
The head of finance should essentially be a qualified chartered accountant with at least 15 years of experience of overseeing financial operations of banks or financial firms, the central bank said in a notification seeking applications for the position.