Mumbai May 18 (IANS) The Reserve Bank of India (RBI) on Thursday urged banks to appoint chief financial officer (CFO) and chief technology officer (CTO) in their management structure with a minimum 15 years of experience in relevant areas.
Rapid innovations in banking and technology call for better risk governance in the areas of finance and technology. A CFO and CTO in banks management structure would play a crucial role in strengthening and sustaining the banks risk governance framework RBI said in a notification.
It is therefore advised that banks while inviting applications for these positions stipulate at a minimum the qualifications and experience for the CFO and CTO.
--IANS
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RBI urges banks to appoint CFOs and CTOs
