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RBI urges banks to appoint CFOs and CTOs
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SME Times News Bureau | 19 May, 2017
The Reserve Bank of India (RBI) on Thursday urged banks to appoint chief financial officer (CFO) and chief technology officer (CTO) in their management structure with a minimum 15 years of experience in relevant areas.
"Rapid innovations in banking and technology call for better risk governance in the areas of finance and technology. A CFO and CTO in banks' management structure would play a crucial role in strengthening and sustaining the banks' risk governance framework," RBI said in a notification.
"It is, therefore, advised that banks, while inviting applications for these positions, stipulate, at a minimum, the qualifications and experience for the CFO and CTO."
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Banks appointment of CFOs and CTOs.
R. SANKARAN, FCA, CHENNAI | Fri May 19 06:22:11 2017
While appreciating the move of RBI in this regard they should offer better emoluments and perks as prevailing in the private sector to attract best talent.Any 15 years experienced person will be unwilling to accept the salary structure of present PSBs.
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