Search panel to fill 10 vacant posts in RBI central board

A search committee has been set up to select suitable candidates for filling up 10 posts vacant with the central board of the Reserve Bank and there has been no delay in filling these positions, the government told the House today.
Replying to a question on vacant positions on the RBI Board, Minister of State for Finance Santosh Kumar Gangwar said: "At present, 10 positions of non-official directors on Central Board of Reserve Bank are vacant."
The vacancies arose at different times upon completion of tenure of directors, he said, adding RBI has informed the government that there has been no delay in filling up senior positions from deputy general managers to executive directors.

However, the minister said the current strength of the Central Board is adequate to meet the quorum and all the board meetings are held as scheduled.
"The Search Committee constituted for recommending persons to be appointed as non-official directors on the central/local board of RBI has already recommended suitable candidates against existing vacancies," Gangwar said.
On asked about progress on selecting maximum women, he said promotions are on the basis of merit/policy laid down by RBI, which does not mandate any prescriptions regarding selection of maximum/minimum number of a fixed percentage of women to these positions.
The Central Board of the Reserve Bank has official full time members consisting of the Governor and not more than four deputy governors.

The non-official members include government nominated ten directors from various fields and two government officials. In others category, four directors are selected, one each from the four local boards.