Reserve Bank of India (RBI) invites application for Recruitment of Assistant
Position : Officer
Requisite minimum Educational Qualifications (as on 01.08.2014) :(a) A First Class Post Graduate degree in Economics with a minimum of 60% marks or an equivalent grade, in aggregate of all semesters / years.(Note: Some Universities/Institutes do not award Class or percentage of marks and allot Aggregate Grade Points (e.g. CGPA/OGPA/CPI, etc.). In case University/Institute defines criteria for conversion of Aggregate Grade Point into Class and/or percentage of marks, the same will be accepted. However, where the University/ Institute does not define criteria for conversion of Aggregate Grade Point into Class and/or percentage of marks, or not stating class in the degree certificates, the undefined parameter(s) would be worked out as under:
Equivalent CGPA/OGPA/CPI Class / Division Aggregate Percentage of Marks or
similar terminologies allotted
on a 10 point scale
6.75 I (First) 60%
6.25 II (Second) 55%
5.75 II (Second) 50%
Aggregate Grade Point or percentage of marks where awarded would mean aggregate over the entire duration of the course. Where the Aggregate Grade Point (CGPA/OGPA/CPI, etc.) is awarded out of a number other than 10, it will be normalized out of 10 and computed as per table given above.)
(b) Ph.D. in Economics from a reputed institution.
Desired Experience (as on 01.08.2014) :a. Experience as a researcher in monetary policy area in reputed international/domestic institutions with a portfolio of published research in internationally reputed refereed journalsb. Track record of sustained contribution to empirical research in macroeconomics and international economicsc. Capacity to quickly analyse evolving developments in the domestic external sector and global economy and advise policy changes
d. Strong research background with experience in applying economic analysis to real-world situations
e. Experience in policy-relevant research gained at a central bank or an international organisation
d. Exposure to financial statistics and applied Econometrics
Age (as on 01.08.2014) : The applicant should be between 35-50 years of age. In case of PWD candidates, age relaxation as per extant Government of India instructions, will be provided.
Location : Mumbai (Maharashtra)
Last Date for Receipt of Applications :5.00 P.M. on 14/08/2014
How to apply :
(i) The candidates applying for the post must submit their application by post to “The General Manager, Reserve Bank of India Services Board, IIIrd Floor, RBI Building, Opp. Mumbai Central Railway Station, Byculla, Mumbai – 400008” in the prescribed format (as given below in this advertisement).
(ii) The recent photograph is to be pasted at the appropriate place and application should be signed by the candidate. Incomplete and illegible applications will be rejected.
(iii) The cover containing the application should be super scribed with the name of the post applied for i.e. ‘APPLICATION FOR THE POST OF ‘SPECIALIST ADVISER (RESEARCH) IN GRADE-F’ in DEPR, RBI’.
(iv) The following documents should be submitted along with the application:
a) Proof of age (copy of passing Secondary/High School/10th standard Certificate or Higher Secondary School /12th Standard Certificate mentioning the DoB.
b) Copy of Certificate and Mark sheets, indicating the Class, of passing the Final Examination of Post Graduate Degree in Economics.
c) Copy of Certificate of acquiring Ph. D. in Economics.
d) Appropriate document(s) in support of desirable experience.
e) PWD candidates should submit a latest certificate to this effect issued by an authorized Government of India/ State Government Department/ Hospital.
General rules/ instructions : (i) Application format is given at the end. Candidate should apply strictly in conformity with the format as prescribed.
(ii) Candidates should enclose copies of the relevant certificate/s (in support of age, educational qualification) and appropriate documents in support of the experience, with the application. Their candidature will be considered on the strength of the information declared in the application and the copies of certificates/ documents submitted therewith. If at any stage it is found that any information furnished in the application is false/incorrect or if according to the Board, the candidate does not satisfy the eligibility criteria, his/her candidature/appointment is liable to be cancelled/terminated.
(iii) Candidates called for interview, will be reimbursed to and fro actual Economy Class air fare by the shortest route from the place of their residence/place of work to the place of interview whichever is nearer.(iv) Canvassing in any form will be a disqualification. (v) In all matters regarding eligibility, conduct of interviews, assessment, prescribing minimum qualifying standards in interview, in relation to number of vacancies and communication of result, the Board’s decision shall be final and binding on the candidates and no correspondence shall be entertained in this regard. (vi) Any resultant dispute arising out of this advertisement shall be subject to the sole jurisdiction of the Courts situated at Mumbai only. (vii) Candidates already in service of Govt./Quasi-Govt. organisations and Public Sector Banks/Undertakings will have to produce discharge certificate from the employer at the time of appointment in RBI.