RBI staff 'are grossly underpaid'

The Reserve Bank of India's Officers Association (RBIOA) has demanded that pay be linked to other central banks, saying a tiger must be compared with a tiger.

Commenting on the pay aspect, RBIOA general secretary SN Mohanty told India's Financial Express: "You have to compare a tiger with a tiger, not a tiger with a lamb!"

The RBI had emphasised the need for delinking RBI pay from the banking industry and justifiably opt for external linkages only with "comparable central banks" elsewhere, and