RBI Act must be changed to appoint chief operating officer

Tags: News
The Reserve Bank of India Act must be changed if the central bank wants to appoint a chief operating officer (COO), a senior finance ministry official said on Wednesday.

Financial Services Secretary G.S. Sandhu was reacting to recent media reports that RBI Governor Raghuram Rajan was looking to establish a COO position with deputy-governor ranking at the central bank.

"The Act has to be amended," Sandhu told reporters on the sidelines of an industry event.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • The current value of the rupee does not merit market intervention

    The rupee, losing 40 paise per month against the dollar since May, is expected to remain under pressure till the calendar runs out on December 31, bef

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Tushar Gandhi

Sustainable model for rural sanitation

Prime minister Narendra Modi has promised to build a toilet ...

Zehra Naqvi

How smells evoke strong memories

Remember that time when a passing fragrance transported you to ...

Dharmendra Khandal

Indian zoos need a fresh approach

Recently, when a man jumped in a tiger trench of ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture