Rao will look after Department of Regulation, Department of Dr. Patel has several publications in the areas of Indian macroeconomics, monetary policy, public finance, the Indian financial sector, international trade, and regulatory economics. The Governor of the Reserve Bank of India is the Chief Executive Officer of India’s central bank (RBI) and the chairperson of its Central Board of Directors. Here is everything you should know about RBI Governors and deputy governors from 1935 to 2020. Banking Career – Jobs in Banking Sector after 12th & Graduation. RBI full name Reserve Bank of India established in 1935 and RBI launched headquarters in Kolkata on 1 st April 1935.RBI has known also as the central bank of our Country.RBI is managed by a Central Board 1 Governor, 4 Deputy Governors, 1 Government official appointed by the Government of … He is a retired IAS officer who worked with various departments of Indian Government including Revenue, Economic Affairs and Finance Ministry. The RBI Governor is the custodian of Indian reserves and defender of the external value of the currency, They handle the formulating the policies on priority sector and support the agriculture banks, It controls the operation under the Foreign exchange management act, 1999 that promotes external trades and payment, Maintenance of the foreign exchange market, Poverty alleviation schemes formed by the government is also managed by the governor, Forms decision to support the national objectives, The governor issues the license to open the new private and foreign banks and manages their banking, The economic decision/issues and financial system of the country i, Responsible to maintain the financial stability of our economy, Manages the interest rates on the deposits and advances of the country, Manages monetary, currency and the credit system, Controls monetary, currency and the credit system. Required fields are marked *. The governor who serves for the longest duration is Benegal Rama Rao. The Discount and Finance House of India, the National Housing Bank were set up and the Indira Gandhi Institute of Development Research inaugurated. The Reserve Bank of India ... Gandhi, a former deputy governor of RBI, was previously appointed to the YES Bank board as an additional director by the RBI in May 2019 for a period of two years. The devaluation of the Rupee in 1966. mongst other developments, gold controls were brought on a statutory basis; he played an active role in the establishment of the National Institute of Bank Management. As Deputy Governor, Sh. National Agriculture and Rural Development Bank (NABARD). 22611097: 22675277: Dr. M. D. Patra Deputy Governor Reserve Bank of India Central Office Building 19 th Floor, Shahid Bhagat Singh Road Mumbai-400 001. GOVERNOR Shri Shaktikanta Das DEPUTY GOVERNORS Co-ordination Work Right to Information Division And an ingenious solution was worked out between Janaki Kathpalia in the ministry of finance’s budget division and R Janakiraman, deputy governor in RBI. But opting out of some of these cookies may have an effect on your browsing experience. As one of the follow-up measures, the RBI had issued a detailed circular to It has also been decided that the enhanced HTM limit shall be restored to 19.5 per cent in a phased manner, beginning from the quarter ending June 30, 2022, i.e. RBI does not have the post of Chairman, as RBI is not a commercial bank. The Banks Board Bureau (BBB), the headhunter for state-owned banks and financial institutions, on Monday recommended the names of Swaminthan Janakiraman and Ashwini Kumar Tewari for the posts of managing director at State Bank of India. Name Tenure M. Rajeshwar Rao: 09.10.2020 onwards: Dr. M. D. Patra: 15.01.2020 onwards: M. K. Jain: 22.06.2018 onwards: B.P. The Committee was called the Janakiraman Committee. Key Facts You Need To Know, PGVCL Online Bill Payment In Gujarat – Quick Pay, Bill View And More, Latest Ahmedabad Micro Containment Zone List – Updated On December 20, 2020, List Of BBMP Wards 2020 – Revenue Zones And Sub Divisions In Bangalore. ... has nominated Partha Pratim Sengupta and Swaminathan Janakiraman to the YES Bank board. Here is the complete list of RBI Governors since 1935, Your email address will not be published. As we all know, the competitive exam is round the corner, and we also understand the significance of general knowledge in the competitive exams. the excess SLR securities acquired by banks during the period September 1, 2020 to March 31, 2021 shall be progressively reduced such that the total SLR securities held in the HTM category as a percentage of the NDTL does not exceed: A professional banker, he served for over 20 years with the Bank of New South Wales and 10 years with the Commonwealth Bank of Australia before coming to India in 1926 as a Managing Governor of the Imperial Bank of India. The Current India is not a government platform. The reserve bank of India RBI came into the existence in the year 1935 and went nationalized on January 1, 1949. If you're ok with this, choose accept, or you can opt-out clicking cooking settings. You can access the list of RBI governors stated above in the post for a handy reference for the upcoming examination. His tenure witnessed the commencement of the Planning Era as well innovative initiatives in the spheres of co-operative credit and industrial finance. The current and 25th RBI Governor is Shaktikanta Das. Saw the transition to Independence and the partition of the country and the division of the assets and liabilities of the Reserve Bank between India and Pakistan. New Delhi, Oct 5 (PTI) The Banks Board Bureau (BBB), the headhunter for state-owned banks and financial institutions, on Monday recommended the names of Swaminthan Janakiraman … RBI MPC Meeting 02-04th December 2020 FOMC Meeting 04-05th requirements transparent.November 2020 ECB Monetary Policy Meeting 10th December 2020 Market News Sh. We at the IBPS recruitment update every significant update and news. The general administration and the direction of RBI are maintained by the central board of directors that consist of the 20 members which includes of 1 governor, 4 Deputy Governors, 1 Government official appointed by the Union Government of India. The share price of the private sector lender has fallen 2% in the last week, 7% in one month and 73% since the beginning of the year. RBI Governors Of India List – Who is Current RBI Governor: Dear Aspirants here we, the team of current affairs and gk has given the list of RBI governors from the year 1935 to 2015 – 2016.The first RBI governor of India was Sir Osborne A. Smith. has made significant policy contributions in the areas of financial sector reforms; trade finance; monitoring of balance of payments and exchange rate; external commercial borrowings; centre-state financial relations; regional planning; and public enterprise reform and has been closely associated with institution building. How to Clear IBPS Prelims in First Attempt? Business News: New Delhi, Oct 5 () The Banks Board Bureau (BBB), the headhunter for state-owned banks and financial institutions, on Monday recommended the names of ... On a brilliant resolution worked out by Governor Rangarajan and Deputy Governor Janakiraman … Currently there are 3 Deputy RBI governors, RBI governor with the longest term is Benegal Rama Rao. Based on the work efficiency the tenure may be extended. S.NO: Name of The RBI Governor Tenure: 1: Sir Osborne A. Smith: April 1 st 1935 – June 30 th , 1937: 2: Sir James Braid Taylor: July 1 st 1937 – February 17 th , 1943: 3: Sir Chintaman D. Deshmukh: August 11 th 1943 – June 30 th ,1949: 4: Sir Benegal Rama Rau Knowledge is power, information is liberating, and education is the premise of progress, in every society in every family. ... RBI Governor is Chairman of MPC. These cookies will be stored in your browser only with your consent. If we look into the numbers, this single man deceived the entire nation with an amount of over Rs 24,000 crores (which is way bigger than Nirav Modi or Vijay Mallaya scams). Necessary cookies are absolutely essential for the website to function properly. So, Guys today’s post is all about the “List of RBI Governors of India”. Sir Osborne Smith was the first Governor of the Reserve Bank. List Of RBI Governors – Reserve Bank Of India Governors Since 1935. Also, if you have any thoughts, doubts or views about this post place them freely in the below mentioned comment box. The Reserve bank of India has been governed by the 25 governors till now. And an ingenious solution was worked out between Janaki Kathpalia in the ministry of finance’s budget division and R Janakiraman, deputy governor in RBI. The question regarding the general aptitude is put up in the general awareness section of the mains exams, therefore it is very crucial that you prepare well the general awareness section. Q Which RBI governor was also the prime minister? ... governor at the RBI … 3. BBB recommends Janakiraman and Tewari for SBI MD posts ... Secretary of Department of Public Enterprises and RBI Deputy Governor incharge of banking are part of BBB. The recommendations of the All India Rural Credit Survey Committee appointed during his tenure led to the transformation of the Imperial Bank of India to State Bank of India. These cookies do not store any personal information. Kanungo During his tenure six private sector banks were nationalised, targets for priority sector lending introduced, and the Deposit Insurance and Credit Guarantee Corporations were merged, and a Departmental reorganisation was undertaken in the Bank. Till Date, the RBI has been headed by 24 governors and a term of the RBI governor usually runs for 3 years. Looking for the full list of RBI Governors till date? The Reserve bank of India has been governed by the 25 governors till now. The Committee appointed by the Governor, Reserve Bank of India to enquire into the securities transactions of banks and financial institutions (Janakiraman Committee) had, in its first report, brought out several serious irregularities in these transactions. he was awarded the Financial Times-Goldman Sachs prize for best business book in 2010.The other awards he has received include the global Indian of the year award from NASSCOM in 2011, the Infosys prize for the Economic Sciences in 2012, and the Center for Financial Studies-Deutsche Bank Prize for financial economics in 2013. Deputy Governor Reserve Bank of India Central Office Building 19 th Floor, Shahid Bhagat Singh Road Mumbai-400 001. He was served as a Union Revenue Secretary in 2014 and as an Economic Affairs Secret… The bank manages the working of the other banks and other financial institutions in India, The bank inaugurated its operations from its headquarters in Kolkata on 1. IBPS PO Salary 2020 (Basic & Gross) In hand, Perks, Career Growth, IBPS SO Salary 2021 Specialist Officer Pay Structure with Allowances, Career Guide, Ex Servicemen Eligibility Criteria + Cut Off Marks for IBPS/SBI Bank Exam, SBI Clerk Salary 2020: Latest Benefits, (In Hand Salary Slip + Promotion), SBI PO Prelims Admit Card 2019 Download Online Name + Roll no. M. Rajeshwar Rao, Executive Director, RBI took over as the Dy. The Present Governor of RBI is Dr. Urjit Patel. During his tenure comprehensive legal reforms were carried out related to the banking sector and a new chapter introduced in the Reserve Bank of India Act and the Urban Banks Department was set up. The general administration and the direction of RBI are maintained by the central board of directors that consist of the 20 members which includes of 1 governor, 4 Deputy Governors, 1 Government official appointed by the Union Government of India. Viral V. Acharya, and Mr. N. S. Vishwanathan. His tenure saw the establishment of the Industrial Development Bank of India (1964), and the establishment of the Agricultural Refinance Corporation (1963) and the Unit Trust of India (1964). Q  Who are the three Deputy Governors of RBI? (7 years. During his tenure efforts were made to develop the money markets and new instruments were introduced. Governor of the Reserve Bank of India is the ex-officio Chairperson of the Monetary Policy Committee of the RBI. Shri Anil K. Sharma . Press Information Bureau, Government of India, List Of Chief Ministers Of Andhra Pradesh From 1956 To 2020, Chief Ministers Of Bihar From 1952 To 2020, Chief Ministers Of Karnataka From 1947 To 2020, Can You File An Online FIR In Bangalore? The seeking applicants who are preparing to fight the competitive exams should hone their general aptitude to give them an edge above others. Your email address will not be published. Explaining the Harshad Mehta Scam of 1992: The magnitude of the Harshad Mehta scam was so big, that if put into perspective today, it brought a bear market in the Dalal street. 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The country faced difficulties related to the external sector during his tenure. At present, the governor of the Reserve bank of India is “Shashikant das” who took the responsibility on 12 Dec 2018. He was appointed as the governor from July 1, 1949 to January 14, 1957, Q: Name the RBI Governor who served the shortest period in the RBI. Governor of RBI on Oct 9, 2020. It only has a post of a Governor. This website uses cookies to improve your experience. Prime Minister Office appoints RBI Governor of India for a period of three years on the recommendation of the Finance Minister. Matrimony has been buzzing in trade-off late. A former RBI board member said: “I think there was a board meeting in Bangalore where the top brass had huddled for a solution. The current and 25th RBI Governor is Shaktikanta Das. It will surely help you in ace your bank general awareness preparation. The Reserve Bank of India Annual Report always bears the stamp of excellence. You also have the option to opt-out of these cookies. He is a retired IAS officer who worked with various departments of Indian Government including Revenue, Economic Affairs and Finance Ministry. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. 1st July 1949 to 14th January 1957), RBI governor with the shortest term is Amitabh Ghosh (20 days. The country's largest lender SBI is headed by chairman with four managing directors to assist. A professional banker, his outlook on policy issues like the exchange rates and interest rates was at variance with that of the Government Sir Osborne, however, did not sign any bank notes during his tenure. A stint as the Governor of the Reserve Bank of India is a great addition to one’s bio-data and can be a stepping stone for even bigger things. Q   Which governors have served for the longest duration in the Reserve bank of India? His stewardship saw the Bank through the war years and the financial experiments it engendered and catalysed, including the decisive break away from a silver currency to fiat money. Deposit Insurance and Credit Guarantee Corporation (DICGC). आईबीपीएस की तैयारी कैसे करे? the setting up of State Level Bankers’ Committees and the shift to floating rates regime. Also, there are websites who empower the seeking aspirants with the best general knowledge updates and knowledge. We also use third-party cookies that help us analyze and understand how you use this website. He forged closer connections between agricultural enterprise and the Reserve Bank’s operations. Stay tuned with us till the end to grab the learning. The process is simple one needs to keep themselves updated, read more and learn more. K G Ambegaonkar did not sign any bank notes. On June 24, 2019 the Deputy Governor of the RBI Viral Acharya has resigned (unofficial) from his post and planning to join his academic work at “New York University Stern School of Business (NYU Stern)”. A former RBI board member said: “I think there was a board meeting in Bangalore where the top brass had huddled for a solution. IBPS Full Form in Banking, What does IBPS stand for? Since its establishment in 1935 by the Government of India, the RBI has been headed by twenty-five governors. Along with RBI governor, MPC consists of Deputy Governor, RBI and one officer of RBI as its members. Departments. The RBI created a committee to investigate the matter. His predecessor was Dr. Raghuram Rajan. The name of the first Indian RBI governor is Sir Osborne Smith, The first Indian RBI governor is C. D. Deshmukh. Three months till k R Puri could assume Office every society in every family to procure user prior... 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