SIP EXPERIENCE- RESERVE BANK OF INDIA

SIP EXPERIENCE- RESERVE BANK OF INDIA

 Hello. I am G Hitesh Kumar, and I’m currently interning at the prestigious Reserve Bank of India at Bhubaneswar Head office. Being a finance enthusiast, I have always been keen to know how a company manages its finance in real-time and take strategic decisions for enhancing profitability. But I would have hardly thought of getting into an organization that not only manages its finances but also the entire country’s! 

My internship started on the first week of April 2022 for 3 months. I am currently working as a research intern on the topic “Enablers and deterrents of digital payment system in Odisha”. I choose this topic as digital payments are the trendsetters after the pandemic and there is a lot of scope for research. My prime responsibility in the office is to study the daily trend of the value and volume of digital transactions taking place in Odisha and find out the factors that affect the same positively and negatively.

 At the end of my internship, I must prepare a report on how RBI can improve the current digital payment system adaptability in the state. In the office, I work under the mentorship of the Deputy General Manager (DGM) of the integrated banking department (IBD). The initial days at the Internship were a bit challenging but regular guidance and talks with my faculty guide and project guide have made this process seamless.

 Overall, it gave me good exposure and I could get a broader picture of how the monetary authority of our country works in practice.