Governor of the Reserve Bank of India on:
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The Governor of the Reserve Bank of India is the
chief executive officer
A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...
of India's central bank
A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union,
and oversees their commercial banking system. In contrast to a commercial bank, a central ba ...
and the ''ex-officio
An ''ex officio'' member is a member of a body (notably a board, committee, council) who is part of it by virtue of holding another office. The term '' ex officio'' is Latin, meaning literally 'from the office', and the sense intended is 'by right ...
'' chair of its Central Board of Directors. Indian Rupee
The Indian rupee ( symbol: ₹; code: INR) is the official currency in the republic of India. The rupee is subdivided into 100 ''paise'' (singular: ''paisa''), though as of 2022, coins of denomination of 1 rupee are the lowest value in use wh ...
currency notes, issued by the Reserve Bank of India, bear the governor's signature. Since its establishment in 1935 by the government of India
The Government of India (ISO: ; often abbreviated as GoI), known as the Union Government or Central Government but often simply as the Centre, is the national government of the Republic of India, a federal democracy located in South Asia, c ...
, the RBI has been headed by twenty-fivegovernors. The governor of the Reserve Bank of India is a member of the Strategic Policy Group headed by National Security Advisor A national security advisor serves as the chief advisor to a national government on matters of security. The advisor is not usually a member of the government's cabinet but is usually a member of various military or security councils.
National sec ...
Ajit Doval
Ajit Kumar Doval KC (born 20 January 1945) is a bureaucrat & spymaster, serving as the fifth and current National Security Advisor (NSA) to the Prime Minister of India, with the precedence equivalent to Cabinet Minister. He previously served as ...
. It is a crucial wing of the National Security Council
A national security council (NSC) is usually an executive branch governmental body responsible for coordinating policy on national security issues and advising chief executives on matters related to national security. An NSC is often headed by a na ...
.
The term of office typically runs for three years and can, in some cases, be extended for another two years.
The inaugural officeholder was the British banker Sir Osborne Smith
Sir Osborne Arkell Smith, KCSI, KCIE (26 December 1876 – 30 August 1952) was the first Governor of the Reserve Bank of India, a post he held from 1 April 1935 to 30 June 1937.
Smith was a professional banker who served for 20 years with t ...
, while Sir C. D. Deshmukh
Sir Chintaman Dwarakanath Deshmukh, CIE, ICS (14 January 1896 – 2 October 1982) was an Indian civil servant and the first Indian to be appointed the Governor of the Reserve Bank of India in 1943 by the British Raj authorities. He subsequent ...
was the first native Indian governor. Holding office for over seven years, Sir Benegal Rama Rau
Sir Benegal Rama Rau CIE, ICS (1 July 1889 – 13 December 1969) was the fourth Governor of the Reserve Bank of India from 1 July 1949 to 14 January 1957.
Early life and family
He was born in a Konkani-speaking Chitrapur Saraswat Brahmin fa ...
was the longest-serving governor, while Amitav Ghosh
Amitav Ghosh (born 11 July 1956)Ghosh, Amitav
, ''Encyclopædia Britannica''
's 20-day term is the shortest. The bank's fifteenthgovernor, Dr , ''Encyclopædia Britannica''
Manmohan Singh
Manmohan Singh (; born 26 September 1932) is an Indian politician, economist and statesman who served as the 13th prime minister of India from 2004 to 2014. He is also the third longest-serving prime minister after Jawaharlal Nehru and Indir ...
, later became India's thirteenth prime minister. Shaktikanta Das
Shaktikanta Das (born 26 February 1957) is serving as the current & 25th List of Governors of Reserve Bank of India, governor of the Reserve Bank of India (RBI). He was earlier a member of the Fifteenth Finance Commission, FifteenthFinance Commi ...
is the twenty-fifth governor of the Reserve Bank of India
The Reserve Bank of India, chiefly known as RBI, is India's central bank and regulatory body responsible for regulation of the Indian banking system. It is under the ownership of Ministry of Finance, Government of India. It is responsible for ...
from 12 December 2018.
List of governors
References
External links
* {{Authority control Governors of the Reserve Bank of India Lists of office-holders in India Lists of central bankers