Sudha Balakrishnan To Take Charge as RBI’s First CFO
The Reserve Bank of India has appointed NSDL Executive Sudha Balakrishnan as its first chief financial officer (CFO) who will take in charge from 15 May, according to a news report.
This is being considered as one of the biggest organisational change since Urjit Patel took over central bank in September 2016. Sudha Balakrishnan, a chartered accountant serving at India's first and largest depository NSDL will be the 12th executive director at RBI and will hold a three-year term.
As per the report, RBI was looking out for a CFO since May 2017 when it had first advertised for the post. A foreign bank executive was selected too to serve the role, however, he backed out due to differences in remuneration.
The recruitment notice issued in October 2017 states that the new CFO will be res...