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RBI urges banks to appoint qualified CFOs, CTOs

By smriti sahu | 5/19/2017 3:38 PM Friday

The Reserve Bank of India (RBI) has on May 18, 2017 urged banks to appoint qualified CFOs and CTOs to look after the critical function of finance and technology. Due to rapid innovations in the banking sector, there is great requirement for better risk governance in the areas of finance and technology. The CFOs and CTOs play a prominent role for strengthening and assisting the risk governance framework of the banks.

According to RBI, a CTO should be an engineering graduate or a Masters in Computer Applications(MCA) or having equivalent qualification with 15-year experience in banking information technology related projects. For the CFO’s post, there qualification should be Chartered Accountant with experience of 15 years, which should include supervising financial operations, accounting and taxation matters either in banks or large corporates/state-run enterprises/financial institutions, the RBI has advised.

The apex bank has guided all the banks to stipulate these essential conditions and requirements for appointment of CFOs and CTOs.

 

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Rahul Kankhare May 23 08:48PM
Order not executing ....this is 2 nd day
Mages waran M May 23 05:27PM
just buy and sell?
Mages waran M May 23 05:27PM
how to do the intra day here
Ronak Maloo May 23 04:04PM
You can buy 1st and sell same day or you can sell first (sort) and buy on same day later
Ronak Maloo May 23 04:03PM
Same day buy and sell