If denied extension, he will be the first RBI Governor since 1992 to not have a five-year term. Governor of Reserve Bank. Save. Abc Small. 1st July 1949 to 14th January 1957) RBI governor with the shortest term is Amitabh Ghosh (20 days. Board for Financial Supervision. 1992 : SEBI formulated 'Insider Trading Regulations'. Topics: RBI Governor • Reserve Bank of India. Duvvuri Subbarao (born 11 August 1949), is an Indian economist, Central Banker, and retired IAS officer.He was the 22nd Governor of Reserve Bank of India, served under Prime Minister Dr.Manmohan Singh.He lives in Singapore and is a distinguished visiting faculty at National University of Singapore. … With just nine months left for the completion of his tenure, Reserve Bank of India Deputy Governor Viral Acharya, resigned from his post, citing "personal reasons" for stepping down. The bank did not have the securities it had paid its broker Harshad Mehta for. His resignation comes against the backdrop of increasing tensions between the Finance ministry and the Reserve Bank of India. › Eventful 2 years for RBI governor Das: Well begun, and a lot done! Tenure: Sept. 4, 2013 – Sept. 4, 2016 Widely seen as one of the most charismatic RBI governors ever, Rajan is an alumni of the Indian Institute of Technology (IIT). Share . The RBI governor should be a highly qualified, respected, and courageous economist. Tenure of Dr. Manmohan Singh as RBI Governor saw amendment of RBI Act and set up of Urban Banks Department in RBI. Abc Medium. Abc Large. The Governor of the Reserve Bank of India is the Chief Executive of India’s Central Bank and the ex-officio chairperson of the Central Board of Directors. This heralds a new policy approach aimed at fostering greater competition. His predecessors D Subbarao (2008-2013), Y V Reddy (2003-2008), Bimal Jalan (1997-2003) and C Rangarajan (1992-1997) had five-year terms. In January 1992, RBI began inspecting the books of banks for irregularities in securities transactions. Few personalities are so close yet so distant to India’s populace as the Governor of the Reserve Bank and few evocative of his awe and mystique: close, because virtually every individual, be he ever so poor or so rich, carries on his person the promise and signature of the Governor. Who is the current RBI Governor of India? Its central office is at Mumbai, has 22 regional offices, most of them in state capitals. Print. Dr Patel, who took over as the 24th governor of the central bank on September 5, 2016, after Dr Rajan quit ahead of DeMo, has had the shortest tenure as RBI governor since 1992. December 22, 1990 to December 21, 1992: C. Rangarajan: December 22, 1992 to November 21, 1997: Bimal Jalan: November 22, 1997 to September 6, 2003: Y. V. Reddy: September 6, 2003 to September 5, 2008: D. Subbarao: September 5, 2008 to September 4, 2013 : Raghuram Rajan: September 4, 2013 to September 4, 2016: Urjit Patel: September 4, 2016 to December 12, 2018: Shaktikanta Das: … Published: April 28, 2011 . Its objective is to … Deshmukh was the first Indian Governor in the RBI governor list. A Ghosh (January-February, 1985) A Ghosh served as interim governor for short period. Just last month, at the peak of a public spat between the RBI and the Centre, he commended RBI Governor Urjit Patel for showing the “spine”. Comment. January 15, 1985, to February 4, 1985) The salary of an RBI governor is INR 2.5 lakhs (per month) Eventful 2 years for RBI governor Das: Well begun, and a lot done! 15 Jul 1994 : Nationalised Banks allowed to tap the capital market to strengthen their capital base. Under pressure from SBI, Harshad paid up around Rs 620 crore between April 13 and April 24. Previously, as an RBI deputy governor, he looked after monetary policy, economic policy research, statistics and information management, deposit insurance, communication and Right to Information.Appointed by the NDA … The Reserve Bank of India was established on April 1, 1935, following the provisions of the Reserve Bank of India Act, 1934. Venkitaramanan served as Governor of the Reserve Bank of India from 22 December 1990 to 21 December 1992. Even though there have been instances of RBI governors serving two terms or being the RBI governor for 5-7 years, but is usually … Mr. Rajan will break that chain. That could be yet another lasting contribution of Raghuram Rajan, the current governor. Viral Acharya resigned from the post of Reserve Bank of India deputy governor on June 23. He also had the shortest tenure as RBI governor since S Venkitaramanan. Ghosh had the shortest stint as RBI governor, from January 15, 1985 to February 4, 1985, which was a stop-gap arrangement while Ghosh was serving as a deputy governor and waiting to hand over charge to the 17th RBI Governor R N Malhotra. 1993 : Unified Exchange rate. But the RBI dug deeper, and found that … Here we are helping you to know the complete list of 25 RBI Governors along with their work tenure, details of the present Governor and Deputy Governors and the meaning and working of the RBI … Recently, Prime Minister Narendra Modi said the issue of reappointment of the RBI Governor was an administrative subject and it should not be an issue of … Eventful 2 years for RBI governor Das: Well begun, and a lot done! C Rangarajan (1992-97) was an RBI insider. Reserve Bank of India's (RBI) Governor for 21 days, Amitabha Ghosh, passed away on Tuesday at the age of 90. Citing personal reasons, Urjit Patel has resigned as the Reserve Bank of India governor. Period. Jun 1994 : National Stock Exchange … On the eve of December 10, 2018, a day before the polling results of five states are declared, Reserve Bank of India (RBI) Governor Urjit Patel stepped down from his post, citing personal reasons. A statement issued by him on Monday reads: "On account of personal reasons, I have decided to step down from my current position effective immediately. RBI Governor’s and their tenure. Current RBI Governor: Shaktikanta Das; Currently there are 3 Deputy RBI governors; RBI governor with the longest term is Benegal Rama Rao. NEW DELHI: Reserve Bank of India does not have any information about its chiefs when the securities scam involving Harshad Mehta took place in 1992. This is also chaired by the Governor of RBI and its members are all the four Deputy Governors and two Non-Official Directors of the .. (7 years. Synopsis. आरबीआई गवर्नर के नाम से संबंधित प्रश्न परीक्षा में आते रहते है। आप इस पेज से अब तक RBI Governor के पद पर कार्यरत रहे लोगो के नाम की जानकारी हिंदी में प्राप्त कर सकते है= Download RBI Governors Names List in PDF Raghuram Rajan was ideal. At the time of his appointment as RBI Governor, India was in the midst of a balance of payments crisis, with fast-depleting foreign exchange reserves. The first Governor of the Reserve Bank of India was British banker, Sir Osborn Smith, while Sir C.D. RBI Governor’s and their tenure. Till Date, the RBI has been headed by 24 governors and a term of the RBI governor usually runs for 3 years. Reserve Bank of India Governor: ... December 22, 1992, to November 21, 1997: 20: Bimal Jalan: November 22, 1997 to September 6, 2003: 21: Y. V. Reddy: September 6, 2003, to September 5, 2008: 22: D. Subbarao: September 5, 2008, to September 4, 2013: 23: Raghuram Rajan: September 4, 2013, to September 4, 2016: 24: Urjit Patel: September 4, 2016, to 11 Dec.2018: 25 Shaktikanta Das: From 12 … After two lengthy meetings, and four days prior to a scheduled meeting of the central board again, Patel sent a shocker by announcing his resignation with immediate effect, becoming the fifth Governor to do so since the Independence (after Benegal Rama … Patel's resignation makes it the second time since 1992 that a RBI governor did not serve out a full term. The Reserve Bank of India Act, 1934 governs the functions of the RBI and the all-powerful RBI governor. 22 Dec 1992 : C. Rangarajan appointed Governor. Kanungo Osborn Smith was the first RBI governor and the first to resign from his post. We should avoid putting ex-bureaucrats in these positions. His decisive actions helped India tide over the crisis. ET CONTRIBUTORS Last Updated: Dec 19, 2020, 12:29 PM IST. 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