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

The Reserve Bank of India, established by the British government in 1935, is the country’s highest monetary authority. Since its inception, the organization has seen 25 people serving as Governors of the Reserve Bank of India (RBI).

This article will provide you with the list of Governors of the Reserve Bank of India, their names, and duration of service in the Reserve Bank of India. You will also learn about the roles and responsibilities of the Governor of the Reserve Bank of India (RBI).

RBI Governors of India

The Reserve Bank of India (RBI) is the highest banking authority in India. Since its establishment in 1935, by the British colonial government, many have served as Governor of the Reserve Bank of India. Shaktikanta Das was recently appointed Governor of the Reserve Bank of India for a three-year term.

See also  List of Mountains in India

Reserve Bank of India Governors are appointed by the Government of India for a fixed period of time and are not elected. The Indian Note issued by the Reserve Bank of India is signed by the Governor of the Reserve Bank of India (RBI).

Related topics – List of Prime Ministers of India from 1947 to 2024

list-of-governors-of-the-reserve-bank-of-india

The first Governor of the Reserve Bank of India was Sir Osborne Smith, while C.D. Deshmukh was the first Indian Governor of the Reserve Bank of India.

RBI Governors List from 1935 to 2024

The list of Governors of the RBI is important for the Political System section of the UPSC exam. Candidates preparing for the UPSC exam can check important information about the exam.

The list of Governors of the Reserve Bank of India from 1935 to 2024 is given below:

RBI Governors NamesTime Period 1935-2022
Sir Osborne SmithApril 1, 1935 – June 30, 1937 (1st governor of rbi)
Sir James Braid TaylorJuly 1, 1937 – February 17, 1943
Sir C.D. DeshmukhAugust 11, 1943 – June 30, 1949
Sir Bengal Rama RauJuly 1, 1949 – January 14, 1957
K.G. AmbegaonkarJanuary 14, 1957 – February 28, 1957
H.V.R LyengarMarch 1, 1957 – February 28, 1962
P.C BhattacharyaMarch 1, 1962 – June 30, 1967
L.K. JhaJuly 1, 1967 – May 3, 1970
B.N. AdarkarMay 4, 1970 – June 15, 1970
S. JagannathanJune 16, 1970 – May 19, 1975
N.C. Sen GuptaMay 19, 1975 – August 19, 1975
K.R. PuriAugust 20, 1975 – May 2, 1977
M. NarasimhamMay 3, 1977 – November 30, 1977
I.G. PatelDecember 1, 1977 – September 15, 1982
Manmohan SinghSeptember 16, 1982 – January 14, 1985
Amitav GoshJanuary 15, 1985 – September 4, 1985
R.N. MalhotraFebruary 4, 1985 – December 22, 1990
S. VpnldraramananDecember 22, 1990 – December 21, 1992
C. RangarajanDecember 22, 1992 – November 21, 1997
Bimal JalanNovember 22, 1997 – September 6, 2003
Y.V. ReddySeptember 6, 2003 – September 5, 2008
D. SubbaraoSeptember 5, 2008 – September 4, 2013
Raghuram G. Raj anSeptember 4, 2013 – September 4, 2016
Urjit Ravindra PatelSeptember 4, 2016 – December 10, 2018 (24th governor of rbi)
Shaktikanta DasDecember 12, 2018 – to date (25th & current governor of rbi)

Important points for RBI Governor

Read alsoList of Presidents of India from 1950 to 2024

  • Sir Benegal Rama Rau is the longest-serving Governor of the Reserve Bank of India.
  • Manmohan Singh is the only Governor of the Reserve Bank of India, who also served the country as the Indian Prime Minister
  • Amitav Ghosh is the longest-serving Governor of the Reserve Bank of India.
  • The Governor of the Reserve Bank of India (RBI) is appointed by the Prime Minister’s Office (PMO). The recommendation of the Union Finance Minister is taken into consideration when appointing the governor.
  • YV. Reddy was governor from 2003 to 2008. He is credited with helping to stabilize the Indian economy during the 2008 financial crisis.
  • Both the Governor of the Reserve Bank of India and the Deputy Governor are appointed in accordance with Section 8 of the Reserve Bank of India Act, 1934.
  • C.D. Deshmukh was the first Indian Governor of the Reserve Bank of India.
See also  Dadasaheb Phalke Award Winners List (1969-2024)

Powers of the Governor of the Reserve Bank of India (RBI).

Governors of the RBI have many powers. We can understand it with the help of the following points:

  • He heads all commercial banks
  • Impact on micro and macro economies
  • Control the stock market
  • Signatures on banknotes
  • Control the monetary, currency, and credit system

Related topicsList of Holidays in 2024 by Central Government

Frequently Asked Questions

Who is the current Governor of the Reserve Bank of India?

Shaktikanta Das (December 12, 2018 – to date)

Who was the first Indian Governor of RBI?

C. D. Deshmukh was the first Indian Governor of RBI (August 11, 1943 – June 30, 1949).

Where is the headquarters of RBI?

RBI is headquartered in Mumbai. The Reserve Bank of India has its branches in all state capitals.

When was RBI established?

The Reserve Bank of India (RBI) was established on April 1, 1935, under the RBI Act, of 1934.

Leave a Comment