Reserve Bank of India (RBI)

Research Internship in Mumbai | Financial Stability Department (FSD) and International Department (ID) Reserve Bank of India

Mumbai, Maharashtrainternshipentry levelStipend ₹45,000 /month

Reserve Bank of India (RBI)

rbi (1).jpeg The Reserve Bank of India is the country’s central bank, responsible for monetary policy, financial stability and regulation of the banking system. Its Research Internship Scheme gives young researchers exposure to cutting-edge work in central banking, economics and finance.

Role

As a Research Intern in RBI’s Financial Stability Department (FSD) or International Department (ID), you will support research on either systemic risk and financial stability or international financial diplomacy and global regulatory cooperation, depending on your area of interest. FSD’s work focuses on identifying vulnerabilities and shocks in the Indian and global financial system, including systemic risk analysis, interconnectedness of financial institutions, and stress testing. ID’s work focuses on international financial diplomacy, global regulatory standards and India’s engagement with institutions such as the IMF, BIS, FSB and G20. The internship runs for 6 months, extendable up to 2 years, and is based at RBI’s Mumbai office.

Responsibilities

  • Assist and collaborate with RBI researchers on projects producing policy inputs and papers for publication in quality economics and finance journals
  • Help compile accurate, timely data and apply analytical, statistical and econometric tools needed for research projects
  • Take on opportunities to write research and policy articles as skills develop
  • In FSD, support research on systemic risk, financial market interconnectedness and stress testing
  • In ID, support research on international financial diplomacy, regulatory cooperation and relations with global institutions

Requirements

  • Financial Stability Department - Postgraduate degree in Statistics, Economics, Econometrics
  • International Department - Finance or in Economics, Statistics, Finance, International Finance or International Trade
  • MBA with a specialisation in Finance or Banking (for FSD), or in Finance, Banking or International Relations (for ID), also considered
  • Proficiency in applied econometrics and quantitative techniques is desirable
  • Familiarity with econometric or statistical software such as Stata, Eviews, Matlab, R, Gauss, Python, Tableau or Power BI
  • Knowledge of machine learning techniques and demonstrated research experience preferred
  • No prior work experience required

Benefits

  • Hands-on exposure to cutting-edge research in central banking, economics and finance
  • Mentorship from RBI researchers
  • Office space, internet connectivity and other support facilities provided
  • Opportunity to contribute to papers targeted at quality economics and finance journals
  • Possible extension up to a maximum of two years for strong performers

Apply

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Required Skills

Financial Stability AnalysisInternational Finance ResearchApplied EconometricsPolicy and Research WritingStakeholder and Institutional Coordination
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Impact Area

Financial Stability and International Economic Research

Location

Mumbai, Maharashtra

Job Type

internship

Experience Level

entry

Salary

Stipend ₹45,000 /month

Posted On

October 19, 2026

About the Company

Reserve Bank of India (RBI)

Reserve Bank of India (RBI)

The Reserve Bank of India, established in 1935, is India’s central bank, responsible for monetary policy, banking regulation, currency management and …

Central Banking and Financial Regulation

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