RBI Governor earns less than 5 pc of top-paid bankers

In an irony of sorts, RBI gets to approve salaries of all the top-level bankers in the country, but the central bank’s top officials themselves get less than 5 per cent of what is paid to the bank chiefs.

An analysis of salaries paid to top officials of Reserve Bank of India and of banks licensed by it to do business in the country shows that RBI Governor D Subbarao’s total remuneration is less than not only the chiefs of private sector banks, but also most of the public sector lenders.

The gap is huge with salaries of some of the bank chiefs being over 20-times of what is paid to RBI’s Governor, its four Deputy Governors or its seven Executive Directors.