....Now, the fifth deputy governor (DG) was suggested by the internal report as a COO because he or she was expected to look after the internal affairs of RBI. Now if it becomes a DG then it requires the amendment of the RBI Act but the report itself sees that COO position as an internal candidate because it has nothing external about it. An outsider can’t bring much to it. It has to be someone who has risen from the ranks who can reorganise or refashion the running of RBIs internal affairs..........
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