RBI's oversight cadre move creates HR trouble, officers threaten agitation

This comes at a time when the RBI is sprucing up its regulatory and supervisory architecture to meet the challenges of the increased interconnectedness and complexities of financial markets

The Reserve Bank of India’s (RBI’s) move to create a specialised supervisory and regulatory cadre has created a human resource (HR) problem, with officers threatening to go on agitation if their concerns are not addressed at the earliest.

Their grouse is a three-year “lock-in” for the specialised cadre. After the “lock-in”, they can move to departments not related to regulation or supervision. It is being felt that in the early stages of the transition, the staff cannot move to functional areas of the central bank without a grounding in the subject they are supposed to handle. 

While there is nothing on paper