RBI recruitment 2018 – Legal Consultants
Reserve Bank of India (RBI) issued notification for Recruitment for the posts of Legal Consultants in Grade ‘F’ and Grade ‘C’/’D’ (All on contract basis). Candidates are required to apply only ON-LINE through the Bank’s website www.rbi.org.in. No other mode for submission of application is available.
Name of the Organisation : Reserve Bank of India (RBI)
- Legal Consultant (Grade ‘F’) on contract basis – 02 Vacancies
- Legal Consultant (Grade ‘C’/’D’) on contract basis – 04 Vacancies
Selection Process : Interview only
Important Dates :
Website Link Open – For On-Line Registration of Applications and Payment of Fees/Intimation Charges : September 28, 2018 to October 12, 2018
Last date for receipt of online applications with prescribed fee : October 12, 2018
The Reserve Bank of India is India’s central banking institution, which controls the monetary policy of the Indian rupee. It commenced its operations on 1 April 1935 in accordance with the Reserve Bank of India Act, 1934. The original share capital was divided into shares of 100 each fully paid, which were initially owned entirely by private shareholders. Following India’s independence on 15 August 1947, the RBI was nationalised on 1 January 1949.
The bank plays an important part in the Development Strategy of the Government of India. It is a member bank of the Asian Clearing Union. The general superintendence and direction of the RBI is entrusted with the 21-member central board of directors: the governor; 4 deputy governors; 2 finance ministry representatives (usually the Economic Affairs Secretary and the Financial Services Secretary); 10 government-nominated directors to represent important elements of India’s economy; and 4 directors to represent local boards headquartered at Mumbai, Kolkata, Chennai and New Delhi. Each of these local boards consists of 5 members who represent regional interests, the interests of co-operative and indigenous banks.
The fully owned subsidiaries of RBI are Deposit Insurance and Credit Guarantee Corporation of India(DICGC), Bharatiya Reserve Bank Note Mudran Private Limited(BRBNMPL) and National Housing Bank(NHB). It controls different sections of the economy through its subsidiaries.