RBI governor reiterates need for restructuring
The Reserve Bank of India (RBI) governor, Raghuram Rajan, met trade union leaders on Tuesday, advocating lateral recruitment and creation of an additional deputy governor's post for the monetary policy, while trying to allay their fears on a few proposals. At a meeting attended by the top brass of the central bank - the United Forum of RBI Officers -the officials expressed their misgivings on Rajan's plans to restructure and reorganise the bank. "Our apprehensions were discussed at length,'' said Samir Ghosh, convenor of the United Forum of RBI Officers and Employees. "The governor was not rigid, and was open to dialogue. He said globally the scenario is changing and central banks all over the world are changing. There's a need to realign accordingly," said Ghosh.
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