Who among the following was appointed as the Deputy Governor of Reserve Bank of India (RBI) in January 2020?

Question

1 Answer

answered Mar 2, 2022 by Anuragk (237k points)
selected Mar 2, 2022 by SiddhiSomnath

Best answer

Correct Answer - Option 2 : Michael Debabrata Patra

The correct answer is Michael Debabrata Patra.

Michael Patra is an economist and central banker from India.
He is presently a retired Reserve Bank of India officer, acting as one of its four deputy governors.
Patra, who joined the Reserve Bank of India (RBI) in 1985, is a career central bank officer.
Patra served as the executive director of the RBI Monetary Policy Department prior to his appointment as deputy governor, where he relocated in 2006 and was an internal member of the influential Monetary Policy Committee as well.

Earlier, Patra worked in the economic research department of RBI as an advisor in charge of international finance, currency, and banking.
In January 2020, Patra was appointed by the Cabinet Appointments Committee as Deputy Governor of the Reserve Bank of India on the advice of the Cabinet Secretary-headed Financial Sector Regulatory Selection Search Committee, replacing Viral Acharya, who resigned in July 2019, for a term of three years.
Patra became the first RBI career economist to be promoted to the position with his appointment as Deputy Governor.
On 15 January 2020, Patra took over as Deputy Governor and was appointed to oversee RBI's Department of Monetary Policy, Department of Capital Markets Activities, Department of Financial Markets Supervision, International Department, Department of Economic and Policy Analysis, Department of Statistics and Information Processing, Department of Business Planning and Budget and Financial Stability.
Patra is an ex officio member of the Monetary Policy Committee as the Deputy Governor in charge of the Monetary Policy Branch.