List of governors of the Reserve Bank of India

Created by 122.161.77.1
Last edited June 22, 2022


Template:Infobox official post

The governor of the Reserve Bank of India is the chief executive officer of India's central bank and the ex-officio chair of its Central Board of Directors. Indian Rupee currency notes, issued by the Reserve Bank of India, bear the governor's signature. Since its establishment in 1935 by the government of India, the RBI has been headed by twenty-fiveTemplate:Nbspgovernors. 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.Template:Clarify

The term of office typically runs for three years and can, in some cases,Template:Vague be extended for another two years.

The inaugural officeholder was the British banker Sir Osborne Smith, while Sir C. D. Deshmukh was the first native Indian governor. Holding office for over seven years, Sir Benegal Rama Rau was the longest-serving governor, while Amitav Ghosh's 20-day term is the shortest. The bank's fifteenthTemplate:Nbspgovernor, Dr Manmohan Singh, later became India's thirteenth prime minister. Shaktikanta Das is the twenty-fifth governor of the Reserve Bank of India from 12 December 2018. Template:Clear

List of governors

File:CD Deshmukh crop.jpg
Sir C. D. Deshmukh was the first Indian to serve as the governor.
File:Sir Benegal Rama Rau, governor of Reserve Bank of India.jpg
Sir Benegal Rama Rau was the longest serving governor.
File:I. G. Patel.jpg
I. G. Patel, the fourteenth governor
File:Prime Minister Manmohan Singh in WEF ,2009.jpg
Manmohan Singh, the fifteenth governor, later served as the thirteenth prime minister of India
File:Duvuri.jpg
D. Subbarao, the twenty-second governor
File:Raghuram Rajan, IMF 69MS040421048l.jpg
Raghuram Rajan, the twenty-third governor
File:Urjit Patel.jpg
Urjit Patel, the twenty-fourth governor
File:Shaktikanta Das, IAS signing FATCA (cropped).jpg
Shaktikanta Das, the twenty-fifth and incumbent governor
Template:Sronly
Template:Abbr Governor Term Length of tenure Notes[1] References
1 Sir Template:Sortname 1 April 1935

30 June 1937
Template:Ayd Smith was a British banker who served as the managing governor of the Imperial Bank of India prior to becoming the governor. He resigned the governorship before the completion of the term. [2]
2 Sir Template:Sortname 1 July 1937

17 February 1943
Template:Ayd Taylor was an Indian Civil Services officer who served as the controller of the currency and the deputy governor pf RBI prior to becoming the governor. He died while in office. [3]
3 Sir Template:Sortname 11 August 1943

30 June 1949
Template:Ayd Deshmukh was an Indian Civil Services officer who served as the deputy governor of RBI prior to becoming the governor. He was the first Indian to serve as the governor. His governorship oversaw the partition of India as the subsequent division of assets and liabilities between India and Pakistan.
4 Sir Template:Sortname 1 July 1949

14 January 1957
Template:Ayd Rau was an Indian Civil Services officer who served as the Indian ambassador to the United States prior to becoming the governor. He resigned the governorship before the completion of his second extended term.
5 Template:Sortname 14 January 1957

28 February 1957
Template:Ayd Ambegaokar was an Indian Civil Services officer who served as the Finance Secretary prior to becoming the deputy governor of RBI. He was appointed as the interim governor upon the resignation of Benegal Rama Rau.
6 Template:Sortname 1 March 1957

28 February 1962
Template:Ayd Iyengar was an Indian Civil Services officer who served as the chairman of the State Bank of India prior to becoming the governor. Indian coinage was shifted from earlier systems to decimal coinage during his governorship.
7 Template:Sortname 1 March 1962

30 June 1967
Template:Ayd Bhattacharya was an Indian Audit and Accounts Service officer who served as the chairman of the State Bank of India prior to becoming the governor.
8 Template:Sortname 1 July 1967

3 May 1970
Template:Ayd Jha was an Indian Civil Services officer who served as the secretary to the prime minister prior to becoming the governor. He left the office upon his appointment as the Indian ambassador to the United States.
9 Template:Sortname 4 May 1970

15 June 1970
Template:Ayd Adarkar was an economist who served as the economic advisor to the government prior to becoming the deputy governor of RBI. He was appointed as the interim governor.
10 Template:Sortname 16 June 1970

19 May 1975
Template:Ayd Jagannathan was an Indian Civil Services officer who served as India's executive director of the World Bank prior to becoming the governor. He resigned the office to become the India's executive director of the International Monetary Fund.
11 Template:Sortname 19 May 1975

19 August 1975
Template:Ayd Gupta served as the secretary to the Department of Banking, Ministry of Finance prior to becoming the interim governor.
12 Template:Sortname 20 August 1975

2 May 1977
Template:Ayd Puri served as the chairman of the Life Insurance Corporation prior to becoming the governor. His governorship oversaw the formation of various regional rural banks.
13 Template:Sortname 3 May 1977

30 November 1977
Template:Ayd Narasimham was a RBI research officer who served as an additional Secretary to the Department of Economic Affairs prior to becoming the governor.
14 Template:Sortname 1 December 1977

15 September 1982
Template:Ayd Patel was an economist who served as a secretary in the Ministry of Finance prior to becoming the governor. His governorship oversaw the demonetization of 5,000 and ₹10,000 value currency.[4]
15 Template:Sortname 16 September 1982

14 January 1985
Template:Ayd Singh is an economist who served as the Finance Secretary prior to becoming the governor. His governorship oversaw various legal reforms related to banking.
16 Template:Sortname 15 January 1985

4 February 1985
Template:Ayd Ghosh was the deputy governor of RBI who was appointed as the interim governor until R. N. Malhotra assumed the office.
17 Template:Sortname 4 February 1985

22 December 1990
Template:Ayd Malhotra was an Indian Administrative Services officer who served as executive director of the International Monetary Fund prior to becoming the governor. His governorship oversaw the inauguration of Indira Gandhi Institute of Development Research.
18 Template:Sortname 22 December 1990

21 December 1992
Template:Ayd Venkitaramanan was an Indian Administrative Services officer who served as the Finance Secretary prior to becoming the governor. India adopted International Monetary Fund's stabilization program during his governorship.
19 Template:Sortname 22 December 1992

21 November 1997
Template:Ayd Rangarajan is an economist who served as the deputy governor of RBI prior to becoming the governor. His governorship oversaw the establishment of unified exchange rate.
20 Template:Sortname 22 November 1997

6 September 2003
Template:Ayd Jalan is an economist who served at various positions including being the chief economic adviser to the government and serving as the Finance Secretary prior to becoming the governor. His governorship oversaw less inflation and interest rates.
21 Template:Sortname 6 September 2003

5 September 2008
Template:Ayd Reddy is an Indian Administrative Services officer who served as the deputy governor of RBI prior to becoming the governor. During his governorship, he contributed in the financial sector reforms and external commercial borrowings.
22 Template:Sortname 5 September 2008

4 September 2013
Template:Ayd Subbarao is an Indian Administrative Services officer who served as the Finance Secretary prior to becoming the governor. He wrote on various issues including decentralization and public finance.
23 Template:Sortname 4 September 2013

4 September 2016
Template:Ayd Rajan is an economist who served as the chief economic advisor to the government and the chief economist of International Monetary Fund prior to becoming the governor.
24 Template:Sortname 4 September 2016

10 December 2018
Template:Ayd
25 Template:Sortname 12 December 2018

Incumbent
Template:Ayd [5][6][7]

References

  1. Governors. Reserve Bank of India. Retrieved June 19, 2022.
  2. Barons of Banking: Glimpses of Indian Banking History{{#if:Dadabhoy|, Dadabhoy}. Random House India(2013). ISBN 978-81-8400-476-2
  3. Indian Financial Systems and Markets{{#if:Saha|, Saha}. McGraw-Hill(2013). ISBN 978-1-259-00500-8
  4. In 1946 and 1978, India had demonetised Rs 5,000, 10,000 notes. Deccan Chronicle(November 9, 2016). Retrieved June 19, 2022.
  5. Shaktikanta Das, Who Oversaw Demonetization, Is New RBI Governor, Prasad, Gireesh Chandra. Livemint(11 December 2018). Retrieved 24 April 2022.
  6. Shaktikanta Das Is New RBI Governor. BloombergQuint(11 December 2018). Retrieved 11 December 2018.
  7. Shaktikanta Das: The Man Behind GST, Note Ban Now Heads RBI. The Economic Times(11 December 2018). Retrieved 24 April 2022.

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