RBI begins its search for InfoTech subsidiary CEO

The Reserve Bank is in the process of recruiting a Chief Executive Officer for its proposed IT subsidiary and has invited applications by December 18. “The IT subsidiary would focus on IT and cyber security (including related research) with specific focus on the financial sector and assist in IT Systems audit and assessment of the RBI regulated entities”, the central bank said on its website. 

Initially, the head of the IT subsidiary would be slated to work as Officer on Special Duty (OSD) up to one year and thereafter as the CEO for a period of up to two years, which will be renewable by mutual agreement for a further period. The CEO would be expected to put in place an appropriate structure and build a team that fits requirements of the new company.