RBI Governors: A complete list of the past and present governors [UPDATED]

RBI Governors Complete List

 

 

The Reserve Bank of India was established on April 1, 1935, following the provisions of the Reserve Bank of India Act, 1934. Since then Reserve Bank of has been headed by 24 governors.

 

Here we are helping you to know the complete list of 24 RBI Governors along with their work tenure, details of the present Governor and Deputy Governors and the meaning and working of the RBI Governor.

 

 

 

You can read here about

 

RBI Governor – Roles/Duties & Power/Authority

Roles / Duties / Responsibilities of the RBI Governor in Indian Economy

Powers of the RBI Governor

 

Know About the Present RBI Governors

Urjit Patel (RBI Governor)

Viral V. Acharya (RBI Deputy Governor)

N. S. Vishwanathan (RBI Deputy Governor)

 R. Gandhi (RBI Deputy Governor)

S.S. Mundra (RBI Deputy Governor)

 

List of the Past Governors of Reserve Bank of India

 

 

 

 

Quick Download!! the study material, mock test papers, previous year papers etc for better preparation of IBPS PO!

 

 

 

RBI Governor – Roles/Duties & Power/Authority

 

 

The Governor of the Reserve Bank of India (RBI) is the chief executive of India’s Central Bank and the ex-officio chairperson of its Central Board of Directors.

 

At present, the position is being held by Dr. Urjit Patel. He took over the position from Dr. Raghuram Rajan on 4th September 2016.

 

The first Governor of RBI was the Britisher Osborne Smith since its establishment in 1935 by the British colonial government. in the year 1943, C. D. Deshmukh was appointed as the first Indian Governor of RBI.

 

 

RBI Governor Roles/Duties, Power/Authority

 

Roles / Duties / Responsibilities of the RBI Governor in Indian Economy

 

 

The RBI Governor is the custodian of the country’s reserves and defenders of the external value of the currency. The importance and role of the RBI Governor can be assumed as he secures the monetary stability of the country and hence the day to day life of the Indian Citizens.

 

You can understand the role of RBI governor with the help of the points given below: –

 

 

 RBI Governor is bankers’ banker, as he is the banker to the Government and heads the Central bank of the country.

 

 He bears the responsibility to maintain the financial stability for our economy.

 

 The formulation of economic policies cannot be made without his involvement.

 

 The economic issues and the financial system of the country is affected by the decisions he takes.

 

 The parameters, on which the whole economic and financial system is functioning, is decided by him.

 

 The currency notes we use, bear his signature and the monetary policy is controlled by him.

 

 He issues licenses to open new private and foreign banks and manages their working.

 

 He manages the interest rates on deposits and advances of the country.

 

 He manages the Foreign Exchange Management Act, 1999 that is related to maintain the foreign exchange market.

 

 He monitors the issue and exchange of the currency and coins.

 

 He also manages the credit to rural, agricultural and small-scale industries’ sectors, also frames policies to support agriculture sector.

 

 He make decisions to support national objectives.

 

 New rules and regulations are continuously reviewed by him so that they could become more easy and helpful for the customers.

 

 He also governs the Urban Co-operative banks.

 

 The Poverty Alleviation Schemes set by the Government is also managed by him.

 

 

Powers of the RBI Governor

 

 

The RBI Governor carries many powers. We can understand them with the help of following points: –

 

 

 Banker’s banker

 

 Heads all the commercial banks

 

 Influence on micro and macro economies

 

 Control over stock market

 

 Signatures on currency notes

 

 Control over monetary, currency and credit system

 

 

Know About the Present RBI Governors

 

 

Presently Dr. Urjit Patel is holding the post of Governor of Reserve Bank of India (RBI).

 

The three Deputy Governors of RBI are Mr. Viral V. Acharya, Mr. N. S. Vishwanathanl, Mr. R. Gandhi, and Mr. S. S, Mundra.

 

Let’s know more about them. Their details are as below: –

 

 Urjit Patel (RBI Governor)

 

Urjit Patel He is the present and 24thGovernor of Reserve Bank of India.

He was appointed on 4th September 2016 after Dr. Raghuram Govinda Rajan.

He served as the Deputy Governor since January 2013 for a period of three years and reappointed as Deputy Governor on 11th January 2016.

He has also served at the International Monetary Fund (IMF) and was on deputation from the IMF to the Reserve Bank.

He has also served as the Advisor (Energy & Infrastructure), The Boston Consulting Group, and Consultant to the Ministry of Finance, Department of Economic Affairs (New Delhi).

 

 [Must Read] Urjit Patel replaces Raghuram Rajan as RBI Governor for a 3-year term

 

 

 

 Viral V. Acharya (RBI Deputy Governor)

 

Viral V. Acharya Mr. Acharya has been appointed as one of the four Deputy Governors of RBI on 28th December 2016.

He is a C.V. Starr Professor of Economics at the Stern Business School of the New York University since 2009.

He is a 1995 graduate from the Indian Institute of Technology (IIT) in Mumbai and earned a PhD in finance from NYU-Stern in 2001.

He was the academic director of the Coller Institute of Private Equity at London Business School (LBS).

He also served as a senior Houblon-Norman Research Fellow at the Bank of England (summer 2008).

He has also been appointed to several international and national advisory councils such as SEBI, BSE, etc.

 

 

 

N. S. Vishwanathan (RBI Deputy Governor)

 

N. S. Vishwanathan

 

He is one of the present Deputy Governor of RBI.

He was appointed as deputy governor on 3rd July 2016, succeeding H. R. Khan.

He served as Principal Chief General Manager in the Department of non-banking supervision at Reserve Bank of India.

He has been an Executive Director at Reserve Bank of India since April 2014.

He also served as a Director of Punjab National Bank from September 6, 2012 to May 31, 2013.

 
 

[Must Read] New Deputy Governor of RBI: N S Vishwanathan

 

 

 

R. Gandhi (RBI Deputy Governor)

 

R. Gandhi
 
He is also the holding the position of one of the Deputy Governors.

He was appointed in April 2014 for a period of three years.

He has served as the Executive Director of RBI.

Gandhi looks after, inter-alliance Banking Operations & Development, Risk Monitoring, Supervision of NBFCs and Urban Cooperative Banks, Information Technology, Legal Matters and Expenditure & Budgetary Control.

He has also been an Executive Director of RBI and a Director of the IDRBT.

 

 

 

 

S.S. Mundra (RBI Deputy Governor)

 

S.S. Mundra

 

He is the also one of the Deputy Governor of RBI.

He was appointed in July 2014 for a period of three years.

He has served as the Chairman and Managing Director of Bank of Baroda.

He has started his career as the Probationary Officer in Bank of Baroda.

He has held a wide range of responsibilities in the domestic as well as international operations of the bank.

Mundra has also held key leadership positions such as the zonal head of the Maharashtra & Goa zone.

 

 

 

List of the Past Governors of Reserve Bank of India

 

 

S.No. Governor Tenure of Service
1. Sir Osborne A. Smith 1st April 1935 – 30th June 1937
2. Sir James Braid Taylor 1st July 1937 – 17th February 1943
3. Sir Chintaman D. Deshmukh 11th August 1943 – 30th June 1949
4. Sir Benegal Rama Rau 1st July 1949 – 14th January 1957
5. K.G. Ambegaonkar 14th 1957 – 28th February 1957
6. H.V.R. Iengar 1st March 1957 – 28th February 1962
7. P.C. Bhattacharyya 1st March 1962 – 30th June 1967
8. L.K. Jha 1st  July 1967 – 3rd May 1970
9. B.N. Adarkar 4th May 1970 – 15th June 1970
10. S. Jagannathan 16th June 1970 – 19th May 1975
11. N.C. Sen Gupta 19th May 1975 – 19th August 1975
12. K.R. Puri 20th August 1975 – 2nd May 1977
13. M. Narasimham 2nd May 1977 – 30th November 1977
14. Dr. I.G.Patel 1st December 1977 – 15th September1982
15. Dr. Manmohan Singh 16th September 1982 – 14th January 1985
16. A. Ghosh 15th January 1985 – 4th February 1985
17. R.N. Malhotra 4th February 1985 – 22nd December 1990
18. S.Venkitaramanan 22nd December 1990 – 21st December 1992
19. Dr. C.Rangarajan 22nd December 1992 – December 21st December 199522nd December 1995 – 22nd November 1997
20. Dr. Bimal Jalan 22nd November 1997 – 5th September 2003
21. Dr.Y.V.Reddy 6th September 2003 – 5th September 2008
22. Dr. D. Subbarao 5th September 2008 – September 4th September 20115th September 2011 – 4th September 2013
23. Dr. Raghuram G. Rajan 4th September 2013 – 4th September 2016
24. Dr. Urjit Patel 4th September 2016 Onwards

 

 

Quick Download!! the study material, mock test papers, previous year papers etc for better preparation of IBPS PO!

 

 

 

In the article, we have covered the complete knowledge related to the RBI Governors. We update every single news here. So stay updated with us.

 

It will help you in updating the banking general awareness that could be asked in the competitive exams like IBPS, SSC, and RRB.

 

If you have any doubt, you can free place them in the comment box given below. We are always there to help you.

 

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