Governor Raghuram Rajan is not RBI's highest-paid employee

New Delhi: RBI Governor Raghuram Rajan may be the most powerful person at the central bank, but he does not appear to  be the top-paid one!

Rajan earns Rs 1.99 lakh a month
Rajan earns Rs 1.99 lakh a month

As per details published by the Reserve Bank of India (RBI) under the Right To Information Act, Rajan’s total ‘monthly emoluments’ stood at R1,98,700. This included a basic pay of Rs 90,000, Dearness Allowance of Rs 1,01,700 and ‘others’ of Rs 7,000.

However, the ‘monthly emoluments’ of three others were higher than Rajan’s — Gopalkrishna Sitaram Hegde (R4 lakh), Annamalai Arappuli Gounder (R2,20,355) and V Kandasamy (Rs 2.1 lakh).

The latest available public figures, published by RBI on its website under the RTI Act, are for the period of June-July 2015 and it could not be ascertained whether these three persons are still with the RBI. 

In RBI hierarchy, the Governor is followed by the four Deputy Governors (DGs) and then by the EDs, while the heads of various departments come thereafter.

The Governor remains on the top in terms of basic pay. The total monthly emoluments for each DG stood at Rs 1,73,900, while that of the ED was Rs 1,70,864.  While RBI did not disclose their designations along with the ‘monthly emoluments’, Hegde has served as its ‘Principal Legal Advisor’ in the past.

RBI's top three

Rs 4 lakh
Gopalkrishna Sitaram Hegde

Rs 2.2 L
Annamalai Arappuli Gounder

Rs 2.1 L
V Kandasamy

    Leave a Reply