22 Dec 1992 : C. Rangarajan appointed Governor. The longest serving Governor of the RBI, Rau’s tenure saw the commencement of the Planning Era as well as encouraging steps towards co-operative credit and industrial finance. Published: April 28, 2011 . The RBI governor should be a highly qualified, respected, and courageous economist. Synopsis. RN Malhotra (1985-1990) RN Malhotra is know for several developments in Indian Money Markets and introduction of new instruments. The bank did not have the securities it had paid its broker Harshad Mehta for. 1993 : Unified Exchange rate. Abc Small. 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 … 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). 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”. A Ghosh (January-February, 1985) A Ghosh served as interim governor for short period. January 15, 1985, to February 4, 1985) The salary of an RBI governor is INR 2.5 lakhs (per month) Share . 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. Shri Shaktikanta Das, an IAS Retd., former Secretary, Department of Revenue and Department of Economic Affairs, Ministry of Finance, Government of India assumed charge as the 25th Governor of … 1992 : SEBI formulated 'Insider Trading Regulations'. Till Date, the RBI has been headed by 24 governors and a term of the RBI governor usually runs for 3 years. Eventful 2 years for RBI governor Das: Well begun, and a lot done! Tenure of Dr. Manmohan Singh as RBI Governor saw amendment of RBI Act and set up of Urban Banks Department in RBI. Eventful 2 years for RBI governor Das: Well begun, and a lot done! 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 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. 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. 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 … Second in line was Benegal Rama Rau . (7 years. Print. Its objective is to … We should avoid putting ex-bureaucrats in these positions. Deshmukh was the first Indian Governor in the RBI governor list. Kanungo Most of the … After handing over the … 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. SECTIONS. Patel's resignation makes it the second time since 1992 that a RBI governor did not serve out a full term. 1993 : Guidelines for the establishment of private sector banks issued. Mr. Rajan will break that chain. He also had the shortest tenure as RBI governor since S Venkitaramanan. “Whether the management of the public debt should be with the RBI is a controversial issue,” said C. Rangarajan, governor at the RBI from 1992 to 1997. His predecessors D Subbarao (2008-2013), Y V Reddy (2003-2008), Bimal Jalan (1997-2003) and C Rangarajan (1992-1997) had five-year terms. Governor of Reserve Bank. In a surprise reply, the bankers' bank has refused to give the names of its Governors when the stock market was rattled and thousands of crores were ripped off in the scam spearheaded by late Harshad Mehta. RBI Governor’s and their tenure. Jun 1994 : National Stock Exchange … 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 … The Board of Financial Supervision (BFS) was constituted in November 1994 as a committee of the Central Board of Directors. The Reserve Bank of India Act, 1934 governs the functions of the RBI and the all-powerful RBI governor. Font Size. Urjit Patel, 55, who took over as the 24th Governor of the central bank on September 5, 2016, had the shortest tenure since the year 1992. 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 … 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. Viral Acharya resigned from the post of Reserve Bank of India deputy governor on June 23. Reserve Bank of India's (RBI) Governor for 21 days, Amitabha Ghosh, passed away on Tuesday at the age of 90. It has been my privilege and honour to … The first Governor of the Reserve Bank of India was British banker, Sir Osborn Smith, while Sir C.D. 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 .. Even though there have been instances of RBI governors serving two terms or being the RBI governor for 5-7 years, but is usually … Under pressure from SBI, Harshad paid up around Rs 620 crore between April 13 and April 24. If denied extension, he will be the first RBI Governor since 1992 to not have a five-year term. In April, the RBI found a shortfall of Rs 649 crore in SBI’s investment portfolio. The Reserve Bank of India was established on April 1, 1935, following the provisions of the Reserve Bank of India Act, 1934. Distant because central bankers are traditionally … Urjit Patel (born 28 October 1963) is an Indian economist, who served as the 24th Governor of the Reserve Bank of India (RBI) from 4 September 2016 to 10 December 2018. Current RBI Governor: Shaktikanta Das; Currently there are 3 Deputy RBI governors; RBI governor with the longest term is Benegal Rama Rao. 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. 15 Jul 1994 : Nationalised Banks allowed to tap the capital market to strengthen their capital base. 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. Full transcript of RBI Governor’s interview to Cogencis, Tuesday, April 28, 2020 - 132 kb: Mar 06, 2020: Micro, Small and Medium Enterprises: Challenges and Way Forward - Shri Shaktikanta Das, Governor, Reserve Bank of India - March 6, 2020 - at the 15th ASSOCHAM Annual Banking Summit: 210 kb: Feb 24, 2020 In January 1992, RBI began inspecting the books of banks for irregularities in securities transactions. Osborn Smith was the first RBI governor and the first to resign from his post. Citing personal reasons, Urjit Patel has resigned as the Reserve Bank of India governor. Board for Financial Supervision. 1st July 1949 to 14th January 1957) RBI governor with the shortest term is Amitabh Ghosh (20 days. But the RBI dug deeper, and found that … Who is the current RBI Governor of India? 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 … Abc Medium. Comment. If denied extension, he will be the first RBI Governor since 1992 to not have a five-year term. › Eventful 2 years for RBI governor Das: Well begun, and a lot done! Topics: RBI Governor • Reserve Bank of India. In retrospect, he was probably way too good for us. All RBI Governors in recent past had got second term — C Rangarajan (1992—97), Bimal Jalan (1997—03), YV Reddy (2003—08) to D Subbarao (2008—13). 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. Venkitaramanan served as Governor of the Reserve Bank of India from 22 December 1990 to 21 December 1992. Raghuram Rajan was ideal. 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: … Its central office is at Mumbai, has 22 regional offices, most of them in state capitals. Period. C Rangarajan (1992-97) was an RBI insider. That could be yet another lasting contribution of Raghuram Rajan, the current governor. Save. Abc Large. RBI Governor’s and their tenure. ET CONTRIBUTORS Last Updated: Dec 19, 2020, 12:29 PM IST. 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. His decisive actions helped India tide over the crisis. Since then Reserve Bank of has been headed by 25 governors. This heralds a new policy approach aimed at fostering greater competition. The Reserve Bank, which is the central banking institution of India, was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. … Raghuram Rajan deserves second term at RBI: Princeton University economist However, the trigger for Rau’s resignation was when then PM Jawaharlal Nehru sided with finance minister TT Krishnamachari and made it clear that RBI was a department of the finance ministry. 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. 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. His resignation comes against the backdrop of increasing tensions between the Finance ministry and the Reserve Bank of India. 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