............“RBI board has approved the broad contours of the restructuring plan, including the creation of a position of a COO,“ the central bank said in response to a query from ET. The new position may not be ranked at deputy governor level as sought by Rajan, at least for the time being, said two people familiar with the matter. The next rung, or the third-highest rank at the central bank, is that of executive director. Nachiket Mor is regarded as the most likely candidate for the COO job. Mor is a former executive director of ICICI Bank and also headed the RBI committee on financial inclusion. Rajan wants to trim the 27 different departments at the central bank. He's also said to be keen on making lateral hires from the private sector. The board's approval for his plan is a boost for Rajan, ...........
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