Who is the Governor of Reserve Bank?

Who is the Governor of Reserve Bank? Correct Answer Urjit Patel

The correct answer is Urjit Patel.

Key Points

  • 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.
  • Previously, as an RBI Deputy Governor appointed by the UPA government, he looked after monetary policy, economic research, financial markets, statistics, and information management.
  • Appointed by the NDA government, Patel succeeded Raghuram Rajan as RBI governor on 4 September 2016.
  • He resigned from his post on 10 December 2018.

Additional Information

  • Urjit Patel is the fifth RBI governor to have resigned from his post before his term ended in September 2019.
  • He was the first RBI governor to state personal reasons as a driving factor for resigning. 
  • Present Governor of RBI - Shaktikanta Das
  • There are 4 Deputy Governor of RBI.
  • Deputy Governor of RBI - M Rajeshwar Rao, BP Kanungo, MK Jain, and MD Patra.

Related Questions

In the question below, are given a statement followed by three courses of actions numbered I, II and III. On the basis of the information given, you have to assume everything in the statement to be true, and then decide which of the following suggested courses of actions logically follow(s) for pursuing. Statement: In a bid to find a successor to founder CEO Rana Kapoor, The Yes Bank has formed a five member panel including two members from outside the bank, less than a week after Reserve Bank of India (RBI) cut short his tenure until January 31 2019. In a press release sent to the exchanges late on Tuesday evening, Yes Bank said that the “search and selection committee” would comprise of three members of the bank’s nomination and remuneration committee and also two external members, which the bank did not specify.  Courses of action: I. However, the board has requested the Reserve Bank of India (RBI) to grant an extension to Kapoor up to September 2019 ‘for finalization of audited financial statements for fiscal year ending March 2019 and in order for the statutory AGM process to be completed’. II. The board has also recommended the elevation of senior group presidents Rajat Monga and Pralay Mondal as executive directors ‘to ensure a long term succession plan within Yes Bank, and given the demonstrated track record of these two senior leaders’. All this will be subject to RBI approval.  III. The panel will comprise of five members and will focus on find a successor to Rana Kapoor.