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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 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.
Viral V. Acharya (born 1 March 1974) is an Indian economist who was appointed as Deputy Governor of Reserve Bank of India (RBI). He also served as a member of the advisory council of the RBI Academy and was a member of the Academic Council of the National Institute of Securities Markets (NISM), Securities and Exchange Board of India (SEBI) since 2014.
Swaminathan Janakiraman is an Indian career banker who served as the Managing Director State Bank of India from January 2021 until June 2023.. On 20 June 2023, he was appointed as the Deputy Governor of Reserve Bank of India by the Government of India.
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 2022 [29] Chairperson, 7th Pay Commission: Ashok Kumar Mathur: 4 February 2014 Chairperson, Small ...
M. Rajeshwar Rao is an Indian officer who is the Deputy Governor of Reserve Bank of India. [1] On September 26, 2023, his tenure was extended for another one year. [ 2 ] [ 3 ]
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 governor of the Reserve Bank of India is the chairperson ex officio of the committee. Decisions are taken by majority with the governor having the casting vote in case of a tie. The current mandate of the committee is to maintain 4% annual inflation until 31 March 2026 with an upper tolerance of 6% and a lower tolerance of 2%. [1]