The Reserve Bank of India deferred its three-day interest-rate meeting due to start Tuesday, without giving any reasons or a new date for its policy decision. The RBI's other three deputy governors are B P Kanungo, M K Jain and Michael Debabrata Patra. Vishwanathan, who … Kanungo, whose term was to end on April 2, had taken charge as deputy governor in April 2017. He quit in July 2019, six months before his term was scheduled to end. April 14, 2015 Dear All Welcome to the refurbished site of the Reserve Bank of India. His term completes in September 2020. His term completes in September 2020. Rao was executive director of the Reserve Bank before being elevated to the post of deputy governor. “These days the RBI is working in close co-ordination with the Central government. He was succeeded by N R Vishwanathan. Close Rajeshwar Rao is a seasoned central banker. The maximum strength of the board can be 21 including the governor of RBI and deputy governors. WhatsApp. At present, the RBI has three deputy governors -- B P Kanungo, M K Jain and Michael Debabrata Patra. The Deputy Governor plays a major part in the RBI Board. The RBI currently has three Deputy Governors -- BP Kanungo, MK Jain and MD Patra. This is just a preliminary proposal. The Appointments Committee of the Union Cabinet approved the appointment. Rao takes responsibility for the departments of regulation, communication, enforcement, inspection, legal and risk monitoring. At present, the RBI has three deputy governors -- B P Kanungo, M K Jain and Michael Debabrata Patra. On October 7, 2020, the Government of India appointed M Rajeshwar Rao as the new Deputy Governor of Reserve Bank of India. We will now use Twitter (albeit one way) to send out alerts on the announcements we make and YouTube to place in public domain our press conferences, interviews of our top management, events, such as, town halls and of course, some films aimed at consumer literacy. Earlier, Patra served as an adviser in charge of international finance, money, and banking in RBI's department of economic analysis. The RBI's other three deputy governors are BP Kanungo, MK Jain and Michael Debabrata Patra. India: The Reserve Bank of India has named Rajeshwar Rao as its new deputy governor. The government on Wednesday appointed the Reserve Bank of India's (RBI) senior-most executive director M Rajeshwar Rao as the deputy governor of the central bank. Mumbai: The government said on Wednesday that it has appointed Reserve Bank of India ’s (RBI).executive director Rajeshwar Rao as the deputy governor of the central bank. The board shall have maximum of four deputy governors. Do feel free to give us your feedback by clicking on the feedback button on the right hand corner of the refurbished site. Linkedin. The Centre on Wednesday appointed RBI’s senior-most Executive Director M. Rajeshwar Rao as Deputy Governor.He succeeds N.S. Michael Patra was appointed as RBI's deputy governor, replacing Viral Acharya, who left office on July 23. All Rights Reserved. This says that the board cannot direct the Governor. However, the RBI Act says that the RBI board can make regulations with prior approval from GoI. Earlier this year, the government extended Kanungo's tenure by a year with effect from April 3, 2020. The Deputy Governors are the ex-officio members of the board. Kanungo, whose term was to end on April 2, had taken charge as a deputy governor … October 12, 2020 8:11 PM. The committee comprises of RBI Governor, cabinet secretary and financial service secretary. The governor of RBI may or may not take the advises provided by the board. The MPC fixes interest rates, repo rate, reverse repo rate. File photo of the Reserve Bank of India | Photo: Suraj Singh Bisht | ThePrint. The Governor of the Reserve Bank of India is the chief executive officer of India's central bank and the ex-officio chair of its Central Board of Directors. © Reserve Bank of India. The Deputy Governor is recommended by the Financial Sector Regulatory Appointment Search Committee. (Source: www.rbi.org.in) Reserve Bank of India (RBI) Deputy Governor M Rajeshwar Rao on Friday said non-banking financial companies (NBFCs) with significant externalities and which contribute substantially to systemic risks must be identified and subjected to a higher degree of regulation. He will serve for an initial term of three years or “until further orders”. Dr. Michael Debabrata Patra appointed as RBI Deputy Governor In pursuance with the Government of India notification dated January 14, 2020, Dr. Michael Debabrata Patra took over as the Deputy Governor of Reserve Bank of India today for a period of three years or until further orders, whichever is … This is because when it is needed, capital may not be available or become highly expensive," Vishwanathan said while speaking at a webinar organised by Enqube Collaboration. Patra is a career central bank officer who joined the Reserve Bank of India (RBI) in 1985. Michael Debabrata Patra has been appointed deputy governor of the Reserve Bank of India, according to a Personnel Ministry order.
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