List of Governors of the Reserve Bank of India (RBI)

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List of Governors of the Reserve Bank of India

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

 


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