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RBI hires 604 in 2024, lowest in four years

This is the fourth year in a row that hirings have dropped. The central bank had hired 882 people in 2023

May 29, 2025 / 16:02 IST
Sanjay Malhotra, Governor, Reserve Bank of India

Sanjay Malhotra, Governor, Reserve Bank of India

The Reserve Bank of India (RBI) recruited 604 employees in various cadres between January and December of 2024, the third straight year of a drop in hiring, the central bank’s annual report, released on May 29, shows.

A Moneycontrol’s analysis of annual reports found that the central bank recruited 882 employees in 2023, 1,121 in 2022, 1,448 in 2021 and 61 in 2020.

Of the 604 hires, the RBI recruited 269 employees in Class I category, 296 in Class III and 39 in Class IV category.

Majority of the recruitments in 2024 were in the OBC category under which 177 employees were recruited. Seventy-two the new hires were from the scheduled castes, 61 from scheduled tribes category and 56 were from the economically weaker section.

The Reserve Bank had 13,520 employees as on December 31, an increase of 0.2 percent over the year-ago period, the report said.

The total strength of ex-servicemen in the Reserve Bank stood at 1,087 and the total number of differently abled employees was 326.

The RBI recruited two ex-servicemen and 20 persons with benchmark disabilities in 2024.

Manish M. Suvarna
Manish M. Suvarna is Senior Correspondent at Moneycontrol. He writes on the Indian money markets, RBI, Banks and NBFCs. He tweets at @manishsuvarna15. Contact: Manish.Suvarna@nw18.com
first published: May 29, 2025 04:00 pm

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