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The governor of the Reserve Bank of India is a member of the Strategic Policy Group headed by National Security Advisor Ajit Doval. It is a crucial wing of the National Security Council. [clarification needed] The term of office typically runs for three years and can, in some cases, [vague] be extended for another two years.
Sanjay Malhotra (born 14 February 1968) is an IAS officer serving as the Current and 26th Governor of the Reserve Bank of India (RBI) since December 11, 2024. [3] [4] He is an Indian Administrative Service Officer of 1990 Batch Rajasthan Cadre. [5]
Office Name Since Chairperson, 16th Finance Commission of India: Arvind Panagariya: 16 January 2024 Governor, Reserve Bank of India: Sanjay Malhotra: 11 December 2024 [28] Chairperson, Securities and Exchange Board of India: Madhabi Puri Buch: 1 March 2022 Chairperson, Insurance Regulatory and Development Authority: Debasish Panda: 12 March ...
[30] S. S. Mundra, a former deputy governor of the RBI, said Das was a "good and balanced choice" for RBI governorship and had "a good understanding of the whole of the financial sector both from the ministry and also in his interactions with the RBI." [31] A former Governor of the Reserve Bank of India C. Rangarajan, said Das had "experience ...
Raghuram Rajan was born on 3 February 1963 in Bhopal, Madhya Pradesh, [10] some metres from where the Gas Tragedy took place. [11] Raghuram Rajan was born to Raghavachari Govindarajan who was the topper of the 1953 batch of Indian Police Service who was then chosen to hold key positions in IB under the earmarking scheme and then R&AW when it was segregated from IB in 1962.
Patra is a 1985 batch RBI Grade B officer. [3] [4] Before his appointment as deputy governor, Patra served as the executive director of the monetary policy department of RBI—where he moved to in 2006—and as such, was an internal member of the powerful Monetary Policy Committee.
The deputy governor of the Reserve Bank of India is the second most senior executive of the Reserve Bank of India after its governor. Since its establishment in 1934 by the government of India, the RBI has had 63 deputy governors. Currently the rank of deputy governor is equivalent to the rank of secretary to the govt. of India.
The committee comprises six members – three officials of the Reserve Bank of India and three external members nominated by the government of India. They need to observe a "silent period" seven days before and after the rate decision for "utmost confidentiality". The governor of the Reserve Bank of India is the chairperson ex officio of the ...