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Positions on offer will include any position in the officer cadre The Reserve Bank of India (RBI) seems to want all hands on deck, going by the policy it has drawn up for hiring its retired officers on contractual basis. This is aimed at filling up shortages in select areas that require specific expertise and experience.
The aforementioned move comes in the backdrop of serving officers reportedly being reluctant to join the Unified Department of Supervision (for Banking, Non-Banking and Co-operative Bank) and Unified Department of Regulation, both created in November 2019, due to issues around career progression.
So, RBI seems to have come up with a workaround – by planning to hire retired officers on contract. At the same time, the Central Office Departments (CODs)/ Regional Offices (ROs) will be making efforts to ensure that the skill-gap is plugged at the earliest by developing necessary skills / experience in-house.