Managing Director of various public sector banks, top officials of private sector banks, and senior civil servants have reportedly applied for the post of RBI Deputy Governor. The FinMin has so far received as many as 37 fresh applications for the post that fell vacant after S S Mundra completed his three-year term on July 31, 2017. After the shortlisting is done, the Financial Sector Regulatory Appointments Search Committee (FSRASC) headed by the Cabinet Secretary will conduct the interview. Those who were shortlisted previously will also be considered for the interview, sources said. Although interviews were conducted on July 29 last year, the government decided to start the process all over again in January this year. As per the RBI Act, the central bank should have four deputy governors -- two from within the ranks, one commercial banker, and one economist -- to head the monetary policy department. According to the notice published on the ministry's website earlier this year, applicants should have at least 15 years of experience in banking and financial market operations. Besides, applicants should have extensive experience as a full-time director or board member and possess understanding at a very senior level, of supervision and compliance in the financial sector, it had said. The last date for sending the application to the finance ministry was February 20. The appointment will be made for a period of three years and the person will be eligible for reappointment, it had said. The deputy governor will draw a fixed salary of Rs 2.25 lakh per month plus allowances, it had said.