RBI appoints first woman CFO

New Delhi, May 28: The Reserve Bank of India (RBI) has appointed Sudha Balakrishnan as its first chief financial officer (CFO) for a term of three years.

Balakrishnan will be in charge of the central bank’s balance sheet to ensure that accounting policies and procedures comply with regulations,media reported.

She will also be responsible for communicating about the RBI's financial performance and oversee its budgetary processes, as well as its investments in India and abroad, the daily said.

To date, the central bank's balance sheet has been managed internally and there was no dedicated officer to do the job. But RBI advertised for the CFO post in October last year.

The CFO will be in charge of the dividend the central bank pays to the government, which is crucial for final budgetary calculations.

A chartered accountant by profession, Balakrishnan was till recently a vice-president with National Securities Depository Ltd.