RBI freezes hiring at city office

RBI freezes hiring at city office

The Telegraph

The regional office of the Reserve Bank of India in Calcutta could end 2020 with a staff strength of only 800 on the back of natural attrition and lack of fresh hiring.

The Netaji Subhas Road office of the RBI used to a busy place in the early 1990s with over 4000 employees. A proposed second office of the Reserve Bank of India in Bengal has also been shelved.

According to employees in Calcutta, the RBI had started the recruitment process since 2012 but the share of declared vacancies for the regional office has been going down every year. RBI executives said the centralisation of work, particularly relating to onsite supervision and regulation, is a major reason behind the situation.

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