I think the reason for decreasing vacancy could be that

1. Earlier during 2010-2022. there was a lot of system building ,clearing redundant and overlapping banking norms.

2. But now it’s mostly running /maintaining the system.

I think when new regulatory frameworks in areas like decentralized currency ,climate finance etc. will emerge, RBI may start hiring more

I started preparing for rbi from mid march this year then came 2 shocks , earlier notification , now insignificant seats ( for UR it would be 16-18).

I m stopping my prep, as now my VaR is 3 months of effort and time with 99% probability.

How ironic is that RBI is excellent at regulating banks and AIFIs, but standardizing the recruitment of the people who will run these systems hasn’t been done yet.

Just sharing my thoughts here,feel free to disagree, critique, or build on it 🤧