RBI to have a 5th dy governor; more executive directors
The Reserve Bank of India (RBI) has embarked on a programme for overall restructuring of the central banking function in order to strengthen co-ordination among various departments. In addition, the central bank is also likely to have one more Deputy Governor - in addition to the existing four and three more Executive Directors, taking to number of such posts to 12. Since for the appointment of an additional deputy governor, existing laws will have to be amended, it is proposed that a officer-on-special duty will be appointed with the rank of a deputy governor. ........
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