List of Governors of Reserve Bank of India

Governor of Reserve Bank of India

RBI seal
Incumbent
Urjit Patel
since 4 September 2016
Appointer Government of India
Inaugural holder Osborne Smith
Formation 1 April 1935

The Governor of the Reserve Bank of India is the chief executive of India's central bank and the ex-officio chairperson of its Central Board of Directors. Indian Rupee currency notes, issued by the Reserve Bank of India (RBI), bear the governor's signature. Since its establishment in 1935 by the British colonial government, the RBI has been headed by 24 governors. The term of office typically runs for 3 years.

The inaugural officeholder was the British banker Osborne Smith, while C. D. Deshmukh was the first Indian governor. The bank's 15th governor, Manmohan Singh, later became India's 13th prime minister. The position is currently held by Urjit Patel, who took over from Raghuram Rajan on 4 September 2016.

RBI governors

I. G. Patel served a five-year term as RBI governor from 1977 to 1982.
Manmohan Singh, RBI governor for two years in the 1980s, went on to serve a five-year term as finance minister and a ten-year term as prime minister.
D. Subbarao served his five-year term as RBI governor under Prime Minister Manmohan Singh.
Raghuram Rajan, formerly chief economist of the International Monetary Fund, was India's central banker between 2013 and 2016.
No. Name Term of office
Began Ended Length
1 Osborne Smith[1] 1 April 1935 30 June 1937 2 years, 90 days
2 James Braid Taylor[2] 1 July 1937 17 February 1943 5 years, 231 days
3 C. D. Deshmukh 11 August 1943 30 June 1949 5 years, 323 days
4 Benegal Rama Rau 1 July 1949 14 January 1957 7 years, 197 days
5 K. G. Ambegaonkar 14 January 1957 28 February 1957 45 days
6 H. V. R. Iyengar 1 March 1957 28 February 1962 4 years, 364 days
7 P. C. Bhattacharya 1 March 1962 30 June 1967 5 years, 121 days
8 L. K. Jha 1 July 1967 3 May 1970 2 years, 306 days
9 B. N. Adarkar 4 May 1970 15 June 1970 42 days
10 S. Jagannathan 16 June 1970 19 May 1975 4 years, 337 days
11 N. C. Sen Gupta 19 May 1975 19 August 1975 92 days
12 K. R. Puri 20 August 1975 2 May 1977 1 year, 255 days
13 M. Narasimham 3 May 1977 30 November 1977 211 days
14 I. G. Patel 1 December 1977 15 September 1982 4 years, 288 days
15 Manmohan Singh 16 September 1982 14 January 1985 2 years, 120 days
16 Amitav Ghosh 15 January 1985 4 February 1985 20 days
17 R. N. Malhotra 4 February 1985 22 December 1990 5 years, 321 days
18 S. Venkitaramanan 22 December 1990 21 December 1992 1 year, 365 days
19 C. Rangarajan 22 December 1992 21 November 1997 4 years, 334 days
20 Bimal Jalan 22 November 1997 6 September 2003 5 years, 288 days
21 Y. V. Reddy 6 September 2003 5 September 2008 4 years, 365 days
22 D. Subbarao 5 September 2008 4 September 2013 4 years, 364 days
23 Raghuram Rajan 4 September 2013 4 September 2016 3 years, 0 days
24 Urjit Patel 4 September 2016 Incumbent 91 days

References

  1. ↑ Dadabhoy, Bakhtiar K (18 Sep 2013). Barons of Banking - Glimpses of Indian Banking History. Random House India. p. 20. ISBN 9788184004762.
  2. ↑ Saha, Siddhartha Sankar (2013). Indian financial systems and markets. New Delhi, IN.: McGraw-Hill. p. 67. ISBN 1259005003.

External links

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