RBI could appoint COO in structural rethink
Move may be complicated by need for legislative changes
The Reserve Bank of India (RBI) could appoint a chief operating officer (COO) as part of sweeping reforms to the central bank's organisational structure, it announced last week.
At the heart of the reforms is a plan to group the central bank's 26 departments into five "clusters" that are supervised by its four deputy governors and – potentially – a new COO.
It is becoming increasingly common for central banks to appoint a senior member of staff with responsibility for their administrative
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