Recruitment for Graduates Reserve Bank of India

Job title: Executive Interns   Eligibility: Any Graduate Location: Any where in India  Industry Type: Govt Sector, IT/Software, Others, Technical  Last Date: 23 August 10  Job Type: Full Time Hiring Process: Written-test  Job Details: Application Fee : Rs.100/- (Rupees one hundred only). No fee is payable by SC/ST/ PWD candidates. Fee is payable by Demand Draft favouring Reserve Bank of India and payable at Mumbai only. However, candidates from un-banked areas may pay fee by crossed Indian Postal Orders (IPO) in favour of Reserve Bank of India payable at GPO, Mumbai. Candidates should write their name and address on the reverse of the Demand Draft and in the space provided for the purpose on the Postal Orders (if fee is payable) and enclose them to the application with a pin (should not be stapled).  Scheme of Selection : Selection will be through Written Examination (WE) which will be an Objective Type Test followed by an Interview  How to apply :  Candidates can apply Online or Offline . The Online applications can be submitted till 11.59 P.M. of August 23, 2010 . Off-line Application or the printout of the On-line Application, as the case may be, should reach the Board’s Office on or before 6.00 P.M. on August 30, 2010  About Reserve Bank of India: The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934.  The Central Office of the Reserve Bank was initially established in Calcutta but was permanently moved to Mumbai in 1937. The Central Office is where the Governor sits and where policies are formulated.  Though originally privately owned, since nationalisation in 1949, the Reserve Bank is fully owned by the Government of India. The Reserve Bank of India performs this function under the guidance of the Board for Financial Supervision (BFS). The Board was constituted in November 1994 as a committee of the Central Board of Directors of the Reserve Bank of India.   Objective  Primary objective of BFS is to undertake consolidated supervision of the financial sector comprising commercial banks, financial institutions and non-banking finance companies.   Constitution  The Board is constituted by co-opting four Directors from the Central Board as members for a term of two years and is chaired by the Governor. The Deputy Governors of the Reserve Bank are ex-officio members. One Deputy Governor, usually, the Deputy Governor in charge of banking regulation and supervision, is nominated as the Vice-Chairman of the Board.   BFS meetings  The Board is required to meet normally once every month. It considers inspection reports and other supervisory issues placed before it by the supervisory departments.  BFS through the Audit Sub-Committee also aims at upgrading the quality of the statutory audit and internal audit functions in banks and financial institutions. The audit sub-committee includes Deputy Governor as the chairman and two Directors of the Central Board as members.   The BFS oversees the functioning of Department of Banking Supervision (DBS), Department of Non-Banking Supervision (DNBS) and Financial Institutions Division (FID) and gives directions on the regulatory and supervisory issues.  Apply here