The Reserve Bank of India (RBI) is the highest monetary authority of India. Tenure of Dr. Manmohan Singh as RBI Governor saw amendment of RBI Act and set up of Urban Banks Department in RBI. In a joint write-up published on LinkedIn, former RBI Governor Raghuram Rajan and former RBI Deputy Governor Viral Acharya severely criticised the suggestion by the IWG, describing it a “bombshell”. Also, share this article with the people who you think might be interested in reading it. We know this from our own experience from the 1960s to the 1990s. Submitting his resignation, Urjit Patel cited personal reasons and stepped down with immediate effect. Name Tenure Shri M. Rajeshwar Rao: 09.10.2020 onwards: Dr. M. D. Patra: 15.01.2020 onwards: Shri M. K. Jain: 22.06.2018 onwards UPSC IAS 2020 Exam: Click here to get the Complete 30 Days Study Plan to score high in Prelims. He was the governor when India embarked on its economic liberalization. Governors of the RBI. Their results had an effect on the RBI. Information on RBI Governors is important for competitive exams. The RBI Governor is the Chief Executive Officer of the Reserve Bank of India and also the ex-officio chairperson of its Central Board of Directors. He was served as a Union Revenue Secretary in 2014 and as an Economic Affairs Secret… Second in line was Benegal Rama Rau. Ambegaonkar January 14, 1957 – February 28, 1957 H.V.R Lyengar March 1, […] Patel’s three year team was to end in September 2019. Second in line was Benegal Rama Rau. He was on his post from July 1, 1949 to January 14, 1957. Venkitaraman was an IAS officer and like Shaktikanta Das had served as a secretary in the finance ministry. Patel is the first RBI Governor since 1990 to step down before the end of his term. It is not in the public interest to allow conglomerates to expand and dominate too many industries, and that includes banking. Download PDF of RBI Governors List. RBI issues the Indian Rupee currency notes and the notes have the signature of the current RBI Governor. Here is what the RBI chief wrote in his resignation letter: “On account of personal reasons, I have decided to step down from my current position effective immediately. RBI Governor Shaktikanta Das is happy with the way the Indian economy is performing. Till Date, the RBI has been headed by 24 governors and a term of the RBI governor usually runs for 3 years. Even the RBI Governor Mr. Das has said that banks should not be forced to finance large sized infrastructure projects. Information on RBI Governors is important for competitive exams. Governor of Reserve Bank Venkitaramanan served as Governor of the Reserve Bank of India from 22 December 1990 to 21 December 1992. e.g. Since its establishment in 1935 by the Government of India, the RBI has been headed by twenty-five governors. Section 8(1) (a) of the Reserve Bank of India Act 1934 has clarified the appointment of the RBI governor. 2. Patel is the first RBI Governor since 1990 to step down before the end of his term. RBI governor with the shortest term is Amitabh Ghosh (20 days. 1985–1990. India will continue to approach capital account convertibility as “a process rather an event”, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Thursday. The RBI Governor is the Chief Executive Officer of the Reserve Bank of India and also the ex-officio chairperson of its Central Board of Directors. He assumed charges on September 4, 2013. Managing Governor of the Imperial Bank of India: 2 जेम्स ब्रेड टेलर : 1 जुलाई 1937 17 फ़रवरी 1943 2057 days भारतीय सिविल सेवा अधिकारी भारतीय रिज़र्व बैंक के डिप्टी गवर्नर. Osborn Smith was the first RBI governor and the first to resign from his post. Prime Minister Office appoints RBI Governor of India for a period of three years on the recommendation of the Finance Minister. On Thursday, he said that the pickup in recovery has been stronger than expected. What are the main functions of Reserve Bank of India? Tenure: Dec. 22, 1990 – Dec. 21, 1992 . Get the List of Governors of Reserve Bank of India from 1935 to 2020. By continuing to use our website, you agree to our. He was the governor when India embarked on its economic liberalization. RBI Governors Of India List – Who is Current RBI Governor: Dear Aspirants here we, the team of current affairs and gk has given the list of RBI governors from the year 1935 to 2015 – 2016.The first RBI governor of India was Sir Osborne A. Smith. The Present Governor of RBI is Shaktikanta Das,he took charge on 12th December 2018 and acting till date. Explaining the Harshad Mehta Scam of 1992: The magnitude of the Harshad Mehta scam was so big, that if put into perspective today, it brought a bear market in the Dalal street. While the phased unlocking of the economy continues to ease supply chain disruptions and facilitate broader labour mobility, fiscal constraints will likely keep the tax burden from easing materially. Sir Osborne Smith April 1, 1935 – June 30, 1937 Sir James Braid Taylor July 1, 1937 – February 17, 1943 Sir C.D. RBI is without a head following his unexpected resignation on Monday, “with immediate effect”. He was the governor when India embarked on its economic liberalization. 1. 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. The person who worked for the shortest time as the Governor of the Reserve Bank of India was Amitabh Ghosh. Download PDF of RBI Governors … Name Tenure Shri M. Rajeshwar Rao: 09.10.2020 onwards: Dr. M. D. Patra: 15.01.2020 onwards: Shri M. K. Jain: 22.06.2018 onwards Urjit Patel will replace … RBI Governor Shaktikanta Das says capital account convertibility will continue to be a process, rather than an event The Reserve Bank of India (RBI) is the highest monetary authority of India. Patel has become the first governor since 1990 to step down before the end of his term. The RBI Governor is the Chief Executive Officer of the Reserve Bank of India and also the ex-officio chairperson of its Central Board of Directors. Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday delivered the keynote address at the 4th Annual Day of Foreign Exchange Dealers’ Association of India (FEDAI). Urjit Patel will replace … Tenure: Dec. 22, 1990 – Dec. 21, 1992 . And a term of the Reserve Bank of India was established in the public interest to conglomerates. His decisive actions helped India tide over the crisis information on RBI Governors is for! 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