...........It is learnt the proposal to have a COO with a DG's rank was first taken up during a meeting of a committee of the central board, which generally meets every Wednesday. The latter suggested this be taken up at a board meeting of the central bank, where Union government nominees are also present. The economic affairs secretary and financial services secretary are nominated as board members. It is, however, not clear if RBI will seek the board's approval or only inform it. The increase in the number of DGs, and also EDs, are part of a personnel restructuring the central bank is currently undertaking. RBI plans to increase the number of EDs from nine at present to 11...........
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