Newcastle University Business School

Internship - Reserve Bank Of India

Reserve Bank Of India

Particularly suitable for Stage 2 undergraduates studying Economics and Accounting & Finance.

Overview        

This is a once in a lifetime opportunity to undertake a challenging internship at India’s central banking institution. Get the chance to work on a research project, under supervision from the RBI and gain a deeper understand of how a central bank functions.

Who?

The Reserve Bank of India, established in 1935, is India’s central bank, which controls the monetary policy of the Indian rupee. It plays an important part in in the Development Strategy of the Government of India and is active in promoting financial inclusion policy.

Where?

You will work from and stay at RBI’s College of Agricultural Banking (CAB) in Pune, located 2 ½ hours south-east of Mumbai. The CAB is one of the RBI’s two training colleges in India (the other of which is Chennai).

When?

The RBI internship will commence in late June/early July and last for 4 weeks. Exact timings will be revealed in due course.

What?

You will undertake a research project, looking at key functional areas of the bank, gaining an insight into India's diverse culture, as well as exposure to the fast-paced business environment.

The RBI typically organise field trips for interns, last year's students visited a cooperative bank & the self-help group it supports and met India's 'modern Gandhi' Anna Hazare!

To give you an idea of the types of research you will work on, below are some of the project details from previous RBI interns:

  • Stemming the decline in asset quality in the BRICS (Brazil, Russia, India, China & South Africa) countries post global financial crisis.
  • Empowering India's underprivileged through Universal Financial Access - issues and future prospects
  • Role of monetary financial institutions in furthering financial inclusion as small finance/payment banks
  • Consumer protection in the financial system; A cross country comparison between the US, UK and India
  • The role of financial inclusion for growth in developing economies

Why?

This is the perfect introduction to a career in banking or finance in one of the world’s developing markets. Learn how a central bank functions and undertake extensive research which could form the basis of your final year dissertation. 

How many places are available?

8 places for Newcastle University Business School students

What are the costs?  

What are the costs? 

Flights: Approximately £500-£600 return

Accommodation & meals: Shared accommodation and three hot meals a day provided by RBI.

What did previous students say?        

“I had an absolutely fantastic time on the 6 week internship, where I developed and refined numerous vital employable skills including becoming highly adaptable, using my initiative and improving my ability to communicate and work effectively as part of a team"

Additional Information

Last year’s interns travelled extensively around Pune, to Mumbai and Goa, and were even given yoga classes by the staff at the college!

RBI’s website