The tenure of Rajesh Bansal, CEO of RBI Innovation Hub (RBIH), a wholly owned subsidiary of the Reserve Bank of India, is set to come to an end as the central bank has released an advertisement for the apex post on Friday.
The RBIH seeks a visionary Chief Executive Officer (CEO) to spearhead technology-based innovation across the financial sector and foster collaboration among all stakeholders, the advertisement read.
The ideal candidate will be a passionate and collaborative leader, exemplifying determination, steadfast commitment, and integrity to lead an institution, it added.
The outgoing CEO, Rajesh Bansal has been vocal on the bank frauds and the tools and steps required for the ecosystem.
In an exclusive interview with ETBFSI, the Bansal has talked about developing an AI model to reduce banking frauds using mule accounts.
Also Read: RBI Innovation Hub is developing an AI model to reduce banking frauds using mule accounts
What are the requirements for the post of RBIH CEO?
The desired candidate needs to poses 15+ years of experience, including substantial experience in sectors like finance, payments, technology, and inclusion across multiple roles; global experience preferred.
He/she needs to have a postgraduate degree from a reputed institution; strong analytical and problem-solving skills to address challenges in the financial sector.
What is the term for RBIH CEO?
The term for the position of the RBIH CEO is three years, which is extendable by another term. Further, a deputation/secondment for applicants with existing institutional affiliation shall be considered, where permissible.
Whom the RBIH CEO reports?
The RBIH CEO to the Board of Directors of the entity and the work location is Bengaluru.
Knowledge of frontier technologies required
According to the advertisement released by the RBI, the candidate for the position of RBIH CEO needs to have familiarity with frontier technologies and the ability to leverage cutting-edge innovations to build digital public goods.
He/she must posses experience in handling emerging technology projects, responsible innovation, and tech-centered thinking; navigating unchartered terrain.
Build alliances with start-ups, banks, academia, global innovation hubs, government entities, financial sector regulators, and other relevant entities.
Who is Rajesh Bansal? The outgoing CEO
Rajesh Bansal, CEO and a member of the RBIH board of directors, has a bachelor’s degree in economics from Shri Ram College of Commerce and a master’s degree in international development policy from Duke University.
His LinkedIn bio says that he posses over three decades of experience across digital financial services and infrastructure in Asia and Africa with a focus on leveraging Digital Public Infrastructure for public good.
He also led the design and implementation of India’s Direct Benefits Transfer during 2010-15, eKYC, Aadhaar enabled interoperable bank agent network.
Bansal has also authored multiple pieces for reputed publications including peer reviewed paper on CBDCs (2021).
