The proposed appointment of a chief executive officer with the rank of a deputy governor in Reserve Bank of India (RBI) has been ruled out by the finance ministry as the government is of the view that no interim arrangements should be made for such high profile appointments. The RBI Act provides for a maximum of four deputy governors. But the central bank, which has initiated a restructuring of human resources, had proposed to increase the number of deputy governors to five and executive directors to 11, from 9 at present........
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