Governors of Reserve Bank of India: To prepare for any of the competitive exams, knowledge about the RBI Governors is a must. The Government exams, competitive exams and other exams follow the revised pattern of syllabus which always include the RBI Governor list. It forms an important GK question. The candidates who wish to crack any of the competitive exams can binge on.
- Do you know who was the first Governor of the Reserve Bank of India? Guess!
Answer: Sir Osborn Smith who was the British banker
- Do you know who was the first Indian Governor of RBI?
Answer: Sir C.D. Deshmukh was the First Indian to be appointed as RBI Governor in the year 1943.
- Do you know the name of the current RBI Governor of India?
Answer: Shri Shaktianta Das who was an IAS Retd, former Secretary, Department of Revenue and Department of Economic Affairs, Ministry of Finance, Government of India.
If you want to know more about the list of the RBI Governors you can continue reading the paper. The duration of each of the Governors is given as a separate table for the readers to locate the main points and to make short points. The roles and responsibilities of the RBI Governor are given below. Read on! In 1935 the British Government established the Reserve Bank of India. The Reserve Bank of India is the highest monetary authority of the nation. 25 Governors served as the Governors of RBI.
The British banker Sir Osborne Smith was the inaugural officer. The first native Indian Governor was Sir C. D. Deshmukh. Sir Bengal Rama Rau was the longest-serving governor and Amitav Ghosh served as the governor for the shortest period. Dr Manmohan Singh, who was the fifteenth governor of RBI became India’s thirteenth prime minister later. Shaktikanta Das is the twenty-fifth governor of the Reserve Bank of India.
List of Governors Of Reserve Bank of India
A list of the RBI Governors of the reserve bank along with their tenure is given below. Those who wish to learn more about the tenure of the RBI Governors can keep reading.
|List of RBI Governor||Tenure|
|Sir Osborne Smith||April 1, 1935 – June 30, 1937|
|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|
|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|
|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|
|Amitav Gosh||January 15, 1985 – February 4, 1985|
|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|
Who is the current Governor of the Reserve Bank of India 2022?
The current Governor of the Reserve Bank of India is none other than Shaktikanta Das. He was appointed in the year 2018, December 12. He was replaced by Urjit Ravindra Patel.
The RBI Governors are the Chief Executive officers of the Central Bank of India. They are also the Ex-official Chairman of the Central Board of Directors. The government of India appoints the RBI Governors. The Governors of RBI are selected for a fixed period and they are not elected. The Governor of the RBI should sign the Indian note issued by the Reserve Bank of India. The duties and responsibilities of the Governor of RBI should be noted down.
Responsibilities of RBI Governor
Given below is the list of the duties and responsibilities of the RBI Governor
- RBI governors are responsible for maintaining the monetary stability in an economy
- RBI Governors should formulate the policies of the Reserve Bank of India.
- Licenses issuing to open new foreign
- Licensee issuing to open private banks
- Controlling the interest rates on advances
- Controlling the deposits of the country
- Prescribing minimum lending rates
- Prescribing and controlling interest rates on savings accounts.
- Regulating the financial system of the nation
- Setting the parameters for the functioning of the whole financial system
- Managing the external trade and payment
- Promoting the orderly development
- Maintaining the foreign exchange market
- Monitoring the adequate quantities of currency notes and coins supply
- Abandoning the currency that proper for circulation in public.
- Checking the rules and regulations
- Making RBI more customer-friendly.
- Supervising the primary co-operative banks.
- Facilitating and monitoring the flow of credit to small scale industries.
- regulating state co-operative banks, regional rural banks etc
Duties Entrusted to the Governor
- Balancing monetary stability
- Issuing licenses to new banks
- Managing the financial system
- Monitoring quantity of currency
- Supervising Co-operative Banks
- Controlling the interest rates on advances and deposits
List of Governors of the Reserve Bank of India
|Officeholder||Term in office||Background||Prior offices|
|Sir Osborne Smith||821 days||Banker||Managing Governor of the Imperial Bank of India|
|Sir James Braid Taylor||2057 days||Indian Civil Service (ICS) officer||Deputy Governor of the Reserve Bank of India
Controller of Currency
|Sir C. D. Deshmukh||2150 days||ICS officer||Deputy Governor of the Reserve Bank of India
Custodian of Enemy Property
|Sir Bengal Rama Rau||2754 days||Ambassador of India to the United States
Ambassador of India to Japan
Chairman of Bombay Port Trust
|K. G. Ambegaonkar||45 days||Finance Secretary|
|AA H. V. R. Iyengar||1825 days||Chairman of the State Bank of India|
|P. C. Bhattacharya||1947 days||Indian Audit and Accounts Service officer||Chairman of the State Bank of India
Secretary in the Ministry of Finance
|Lakshmi Kant Jha||3 May 1970||1037 days||ICS officer|
|B. N. Adarkar||15 June 1970||42 days||Economist|
|Sarukkai Jagannathan||19 May 1975||1798 days||ICS officer|
|N. C. Sen Gupta||19 August 1975||92 days|
|K. R. Puri||2 May 1977||621 days||–|
|M. Narasimham||30 November 1977||211 days||Career Reserve Bank of India officer|
|I. G. Patel||15 September 1982||1749 days||Economist|
|Manmohan Singh||14 January 1985||851 days|
|Amitav Ghosh||4 February 1985||20 days||Banker|
|R. N. Malhotra||22 December 1990||2147 days||Indian Administrative Service (IAS) officer|
|S. Venkataraman||21 December 1992||730 days||IAS officer|
|C. Rangarajan||21 November 1997||1795 days||Economist|
|Bimal Jalan||6 September 2003||2114 days|
|Y. Venugopal Reddy||5 September 2008||1826 days||IAS officer|
|D. Subbarao||4 September 2013||1825 days|
|Raghuram Rajan||4 September 2016||1096 days||Economist|
|Urjit Patel||11 December 2018||828 days|
|Shaktikanta Das||Incumbent||943 days||IAS officer|
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