{"id":319404,"date":"2024-12-11T17:31:10","date_gmt":"2024-12-11T12:01:10","guid":{"rendered":"https:\/\/forumias.com\/blog\/?p=319404"},"modified":"2024-12-12T11:27:44","modified_gmt":"2024-12-12T05:57:44","slug":"rbi-governor-appointment","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/rbi-governor-appointment\/","title":{"rendered":"RBI Governor Appointment"},"content":{"rendered":"<p><strong>News: <\/strong>The Centre has announced the appointment of Revenue Secretary Sanjay Malhotra as the 26th Governor of the Reserve Bank of India.<\/p>\n<h2>About RBI Governor Appointment<\/h2>\n<figure id=\"attachment_319406\" aria-describedby=\"caption-attachment-319406\" style=\"width: 294px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-319406 size-full\" src=\"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2024\/12\/RBI-governor-appointment.png?resize=294%2C167&#038;ssl=1\" alt=\"RBI governor appointment\" width=\"294\" height=\"167\" \/><figcaption id=\"caption-attachment-319406\" class=\"wp-caption-text\">Source- The Indian Express<\/figcaption><\/figure>\n<ul>\n<li>The RBI governor is appointed under the <em><strong>RBI Act of 1934<\/strong><\/em>, which stipulates that the chief is appointed by the central government.<\/li>\n<li><strong>Process<\/strong>:\n<ul>\n<li>The <strong><em>Financial Sector Regulatory Appointment Search Committee<\/em><\/strong>, consisting Cabinet Secretary, current RBI Governor, Financial Services Secretary and two independent members, <strong><em>prepares a list of people eligible to hold the post<\/em><\/strong>.<\/li>\n<li>The shortlisted candidates are interviewed, and the <strong><em>list is forwarded to the Cabinet Committee on Appointments<\/em><\/strong>, chaired by the Prime Minister, for final approval.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Tenure:<\/strong>\n<ul>\n<li>The governor <strong><em>serves a term of up to five years<\/em><\/strong>, with the duration determined by the government at the time of appointment.<\/li>\n<li>The central bank chief is <strong><em>also eligible for reappointment<\/em><\/strong> or<strong><em> an extension<\/em><\/strong>.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Qualifications<\/strong>&#8211; The RBI Act, 1934 <strong><em>does not mention any specific qualification<\/em><\/strong> for the governor. People with different educational backgrounds were selected to head the institution.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>News: The Centre has announced the appointment of Revenue Secretary Sanjay Malhotra as the 26th Governor of the Reserve Bank of India. About RBI Governor Appointment The RBI governor is appointed under the RBI Act of 1934, which stipulates that the chief is appointed by the central government. Process: The Financial Sector Regulatory Appointment Search&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/rbi-governor-appointment\/\">Continue reading <span class=\"screen-reader-text\">RBI Governor Appointment<\/span><\/a><\/p>\n","protected":false},"author":10367,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127,12039],"tags":[11872],"class_list":["post-319404","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-economy","category-knolls","tag-9pm-daily-factly","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/319404","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10367"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=319404"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/319404\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=319404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=319404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=319404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}