List of Governors of the Reserve Bank of India (RBI)
The Reserve Bank of India (RBI) is the central banking institution of India. It was established on April 1, 1935, in accordance with the provisions of the Reserve Bank of India Act, 1934. The RBI is responsible for the issue and supply of the Indian Rupee and the regulation of the Indian money market. It plays a crucial role in the country’s monetary and financial system and is tasked with formulating and implementing monetary policy to maintain price stability and ensure the stability of the financial system.
Key functions of the RBI
- The RBI has the sole authority to issue currency notes in India.
- It also manages the supply of currency in the economy to ensure an adequate flow of money.
- The RBI formulates and implements monetary policy to control inflation and maintain price stability.
- It uses various tools like repo rates, reverse repo rates, and open market operations to achieve these objectives.
- The RBI acts as the banker, agent, and advisor to the central and state governments.
- It manages their accounts, handles the government’s borrowing program.
- It facilitates the flow of funds between the government and the banking system.
- The RBI regulates and supervises banks and financial institutions to ensure the stability of the financial system.
- It issues licenses, sets prudential norms, and monitors the performance of banks.
- The RBI manages the country’s foreign exchange and formulates policies to promote external trade and payment.
- The RBI also plays a developmental role by promoting initiatives for the development of financial institutions, financial markets, and infrastructure.
- The central board of the Reserve Bank of India is headed by the Governor, who is appointed by the Government of India.
- The RBI operates with a commitment to maintaining the stability and integrity of the country’s monetary and financial system.
List of Governors of the Reserve Bank of India
| RBI Governors | Time Period 1935-2021 |
| Sir Osborne Smith | April 1, 1935 – June 30, 1937 |
| Sir James Braid Taylor | July 1, 1937 – February 17, 1943 |
| Sir C.D. Deshmukh | August 11, 1943 – June 30, 1949 |
| Sir Bengal Rama Rau | July 1, 1949 – January 14, 1957 |
| K.G. Ambegaonkar | January 14, 1957 – February 28, 1957 |
| H.V.R Lyengar | March 1, 1957 – February 28, 1962 |
| P.C Bhattacharya | March 1, 1962 – June 30, 1967 |
| L.K. Jha | July 1, 1967 – May 3, 1970 |
| B.N. Adarkar | May 4, 1970 – June 15, 1970 |
| S. Jagannathan | June 16, 1970 – May 19, 1975 |
| N.C. Sen Gupta | May 19, 1975 – August 19, 1975 |
| K.R. Puri | August 20, 1975 – May 2, 1977 |
| M. Narasimham | May 3, 1977 – November 30, 1977 |
| I.G. Patel | December 1, 1977 – September 15, 1982 |
| Manmohan Singh | September 16, 1982 – January 14, 1985 |
| Amitav Gosh | January 15, 1985 – February 4, 1985 |
| R.N. Malhotra | February 4, 1985 – December 22, 1990 |
| S. Vpnldraramanan | December 22, 1990 – December 21, 1992 |
| C. Rangarajan | December 22, 1992 – November 21, 1997 |
| Bimal Jalan | November 22, 1997 – September 6, 2003 |
| Y.V. Reddy | September 6, 2003 – September 5, 2008 |
| D. Subbarao | September 5, 2008 – September 4, 2013 |
| Raghuram G. Raj an | September 4, 2013 – September 4, 2016 |
| Urjit Ravindra Patel | September 4, 2016 – December 10,2018 |
| Shaktikanta Das | December 12, 2018 – to date |
More GK Topics:
Our Categories:
| STATES BOARDS | CBSE BOARD |
| SPOKEN ENGLISH | GRAMMAR |
| GK | QUIZ |
