RBI invites Applications for Posts of Director and Senior Adviser of CAFRAL
RBI invites applications for Director and Senior Advisor at CAFRAL, open to experts with PhD and 25+ years experience.

RBI seeks top experts for key positions at CAFRAL, a premier financial research institute.
The Reserve Bank of India has invited application for the post of Director and Senior Advisor of the Centre for Advanced Financial Research and Learning (CAFRAL) which is independent research and learning institute of repute set up by the RBI in 2011.
Application for Post of Director, CAFRAL
Applications are invited for the post of Director, CAFRAL from distinguished researchers/policy makers/academic administrators who fulfil the following eligibility criteria:
• A PhD in economics or finance.
• Experience of institution building/nurturing a reputed research institute, including building and developing high-quality research teams.
• Good record of published work in areas of macroeconomics/banking & finance and other areas of interest to central banks in high quality refereed academic journals and books.
• At least twenty-five years of excellence in research and/or teaching experience (including the time spent on completion of PhD).
• Should be an Indian Citizen and not be older than 62 years as on July 1, 2025. The appointment shall be for a term of five years, subject to a satisfactory annual review. The compensation will be in line with the best in the industry.
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Application for Position of a Senior Adviser, CAFRAL
CAFRAL invites applications for the newly created position of Senior Adviser. The Senior Adviser will work closely with the Director in the leadership role to develop the institute as a centre of excellence by nurturing talent, guiding policy research, and enhancing the learning vertical.
Applications are invited from candidates who possess the following eligibility criteria:
• At least a Master’s degree (preferably PhD) in economics or finance.
• Experience of institution building/nurturing a reputed research institute, including building and developing high-quality research teams.
• Good record of published work in areas of macroeconomics/banking & finance and other areas of interest to central banks in high quality refereed academic journals and books.
• At least twenty-five years of excellence in research and/or teaching experience (including the time spent on completion of PhD).
• Should be an Indian Citizen and not be older than 62 years as on July 1, 2025.
The appointment shall be for a term of five years, subject to a satisfactory annual review. The compensation will be in line with the best in the industry.
The Reserve Bank will set up a Search-cum-Selection Committee (SSC). The SSC reserves the right to fill up the position by invitation and/or relax eligibility / qualification / experience criteria for outstanding candidates. Qualified and interested applicants should send their applications together with a detailed curriculum vitae (in the prescribed format), along with a statement of intent / vision for CAFRAL by email to cafralssc2025@rbi.org.in.
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