RBI grade B Officer is one of the most admired and sought-after jobs in the banking sector in India.
RBI’s career progression starts from the lowest level, which is that of the support staff or the RBI Assistants, who are responsible for all the clerical work that takes place at RBI. However, there is an option for candidates to join directly as Grade B Officers which means they are DR or direct recruits. This is how the organization structure of RBI is:
Grade B Officers usually start out as Managers and then they can move up all the way until Deputy Governor. The Governor is usually not selected from the internal workforce and only a eminent individual is preferred who has had extraordinary achievements. Having said that, even if you retire as Chief General Managers, that too is quite an achievement. Extraordinary candidates reach the top which is the position of an Executive Director or a Deputy Governor. However, on an average, most Grade B Officers retire at the position of a Chief General Manager, but that itself is no small matter.
There is a strong chance of getting acquainted with some of the most prestigious organizations of the world such as World Bank, IMF etc. Moreover, investment banks are known to offer huge benefits with hefty checks for retired RBI grade B officers.
Governors and Deputy Governors are appointed by the GOI. Till date no RBI officer is appointed as Governor. Out of the 4 Deputy Governors, 2 are selected from the RBI cadre, these are form those who join RBI as Grade B Officer
RBI Grade B officer paintings are of tremendous duty. Consequently, the officer may also require work hours that are not too traumatic.
Those who want to take up better and higher responsibilities later, can take departmental examination after 5 years to get promoted to Grade C officers post. If you are recruited at a young age, then you can easily go up to deputy governor after clearing Departmental exams.
Grade B officers may become Grade C in seven years and in another 5 years they may become Grade D. Promotions cycle also depends on the number of vacancies and your performance. A large majority of those who join at Grade B level reach to CGM (top management) level. Regional Director, who heads functions of RBI in as State/Region are also officers of CGM level. A selected few will become Executive Director and Deputy Governor.
So, Guys, this is your opportunity to make it happen at the big stage and live your dream. Come fly high with us.