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Sudha Balakrishnan, has been appointed as the first chief financial officer (CFO) of the Reserve Bank of India (RBI), with effect from May 15.
Balakrishnan, is a chartered accountant, and until recently she served as a vice-president at the National Securities Depository Limited (NSDL). She will be the 12th executive director at RBI, and will serve a three-year term.
Balakrishnan will be in-charge of the central bank’s balance sheet and will have to ensure accounting policies and procedures comply with regulations. She will oversee the government and bank account department, which processes transactions like payments and revenue collections such as taxes. Furthermore, this also includes dividend payment by the central bank to the government.
