RBI could appoint COO in structural rethink

rbi-tower

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 functi

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