Job Profile of a RBI grade B Officer ( DR)
In the Reserve Bank of India, there are more than 30 Departments. In each department there are few Sections (4–5) and in section there are 4–5 sub sections. So, if you consider this organisational structure then if you will find that there are more than 400 job profiles in RBI. Again there are two kinds of offices in RBI, one is central office which is located at Mumbai and other is Regional Office (RO) which are located mostly at State Capitals e.g New Delhi, Kolkata, Chennai, Mumbai Regional Office (MRO), Hyderabad, Bangalore etc. You can see the complete list on RBI's website.
The nature of work in these two types of officers is very different.
Central Office Departments are mostly engaged in the overall supervision of related functions i.e to coordinate concerned department of all regional offices. It's mostly a desk job and lot of correspondence is there with state governments, central government Departments and various RBI Regional Offices. The Central Office Departments (CO) are headed by Principal Chief General Manager (PCGM) and they are assisted by 1–3 CGMs depending on the workload of the department. All these officers are those officers who had joined RBI as as Grade B Officer.
Regional Offices (RO) are headed by Regional Directors who is a PCGM/CGM level officer. His rank is equivalent to the Chief Secretary/Secretary of the State Government. It is not mentioned anywhere but this protocol is followed in all State Government and RBI functions and meetings.
Job profile in the words of an RBI Grade B officer
My job was to inspect various banks allocated to me by my General Manager. This onsight inspection was carried out as per the Banking Regulation Act 1949 and some provisions of the Reserve Bank of India Act 1934. We also have to follow some of the guidelines of the Income Tax Act, FEMA, Money Laundering etc.
The main objective of this inspection was to see whether the banks are functioning as per the Banking Regulation Act 1949. Because banks are having the public money and it's the job of RBI to safeguard the interest of the Depositors.
The important areas we have to focus during inspection are the cash vault, KYC AML guidelines, Credit Appraisal System of the bank, it's Information Technology Policy, Overall security of the branch, functioning of the Board of the Directors and their interference in the day to day operations of the bank, adherence to the various circulars of the RBI.
Based on these parameters we have to write inspection report and have to prepare bank's balance sheet as per Reserve Bank's format.
We have to calculate various Financial parameters like CRAR, Gross NPA, Net NPA, Gross Profit/Loss, Net Interest Margin, Forex Exposure,CRR, SLR, etc. Based on the parameters we have to give rating to the bank as per CAMELS. Like A+, A, A-, B likewise. This inspection report is very confidential. No one can ask the details of the inspection report even in RTI. It can be shown only to higher courts in case of legal matters.
If the Statutory/Concurrent Auditors have given incorrect picture of the financial position of the bank then RBI can request the ICAI to take serious action against the concerned Chartered Accountant.
Some the confidential information regarding the functioing of the RBI can not be disclosed here.
I think this answer have given you a broad idea about the functioing of the RBI.
One important thing I would like to mention that because of my performance in the department Senior Management have given an opportunity to take lectures at Zonal Training Center (ZTC, New Delhi) and in house training center in Ahmedabad. I have taken Lectures on Banking Regulation Act, How to Prepare Balance and Profit & Loss statement of the bank, Calculation of CRAR, CRR, SLR ,NPA, Profit etc. It was very nice experience.
Most of the Department's work is office desk type of work. In few Departments, you will get outside exposure. Banking Regulation, Financial Market, Foreign Exchange related Departments are the Departments where all officers want to work.
Broadly the major work of RBI Grade B officer, would be circling around
- Managing All the Government Accounts:
- Issue and Circulation of Currency:
- Checking & Maintaining Financial Stability.
- Regulating the monetary policy of India
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