List of RBI Governors from 1935 to 2022, Check the complete list of RBI Governors, their powers, tenure and more

 

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Table Of Contents

1. Who appointed the RBI governor?
2. Qualification for RBI governor
3. Responsibilities of RBI governors
4. RBI GOVERNORS LIST
5. Longest and Shortest Term Governors

Who appointed the RBI governor?

RBI governor appointed Under Section 8 of the RBI Act 1934, the central government has the power to appoint Governors and Deputy Governors to the Reserve Bank of India. Recently, Shaktikanta Das has been appointed the Governor of RBI  for a period of three years. 

Qualification for RBI governor

Responsibilities of RBI governors

The post of RBI Governor is full of responsibilities, for this post, a sincere person has to discharge many responsibilities which are mentioned below…..

• As the head of the most famous financial institutions, RBI leaders are responsible for maintaining monetary stability in an economy. Thus, he plays an important role in shaping the policies of the Reserve Bank of India.
• The Governor of the RBI is also responsible for issuing licenses to open new foreign and private banks.
• The power to control the country’s interest rates on deposits and deposits rests with the governors. However, the scope of this power is limited to setting minimum borrowing rates and interest rates on savings accounts.
• The nation’s financial system is regulated and administered by the Governor and he sets the parameters within which the entire financial system operates.
• The Governor of the RBI manages foreign trade and payments and also promotes the smooth development and maintenance of the foreign exchange market in India which falls under the Foreign Exchange Management Act 1999.
• Monitoring sufficient quantities of banknotes and coins in the country and issuing and destroying currency that is not suitable for public circulation.
• The RBI Commander also monitors the rules and regulations to make them more user-friendly.
• Through Urban Bank Services, the Governor of the RBI directs and supervises the major cooperative banks.
• In addition, the Governor of the RBI can also play a role in facilitating and monitoring the flow of credit in small industries, agriculture and agricultural sectors. Responsibility for regulating state cooperative banks, regional agricultural banks, and various local banks.p

All these responsibilities and many more are carried out by the person who holds the position of Governor of the Reserve Bank of India.

RBI GOVERNORS LIST:

The Reserve Bank of India, established by the British government in 1935, is the highest monetary authority in the country. Since its inception, the organization has seen 25 people serve as RBI Trustees. Given below is the list of governors from India’s first governor to date……
 

RBI Governors Names	Time Period 1935-2020
Sir Osborne Smith	April 1, 1935 – June 30, 1937
Sir James Braid Taylor	July 1, 1937 – February 17, 1943
Sir C.D. Deshmukh	August 11, 1943 – June 30, 1949
Sir Bengal Rama Rau	July 1, 1949 – January 14, 1957
K.G. Ambegaonkar	January 14, 1957 – February 28, 1957
H.V.R Lyengar	March 1, 1957 – February 28, 1962
P.C Bhattacharya	March 1, 1962 – June 30, 1967
L.K. Jha	July 1, 1967 – May 3, 1970
B.N. Adarkar	May 4, 1970 – June 15, 1970
S. Jagannathan	June 16, 1970 – May 19, 1975
N.C. Sen Gupta	May 19, 1975 – August 19, 1975
K.R. Puri	August 20, 1975 – May 2, 1977
M. Narasimham	May 3, 1977 – November 30, 1977
I.G. Patel	December 1, 1977 – September 15, 1982
Manmohan Singh	September 16, 1982 – January 14, 1985
Amitav Gosh	January 15, 1985 – September 4, 1985
R.N. Malhotra	February 4, 1985 – December 22, 1990
S. Vpnldraramanan	December 22, 1990 – December 21, 1992
C. Rangarajan	December 22, 1992 – November 21, 1997
Bimal Jalan	November 22, 1997 – September 6, 2003
Y.V. Reddy	September 6, 2003 – September 5, 2008
D. Subbarao	September 5, 2008 – September 4, 2013
Raghuram G. Raj an	September 4, 2013 – September 4, 2016
Urjit Ravindra Patel	September 4, 2016 – December 10,2018
Shaktikanta Das	December 12, 2018 – to date

 
The first Governor of the Reserve Bank of India was Sir Osborn Smith, on the other hand, the first Indian Governor of the Reserve Bank of India was C.D. Deshmukh. Shaktikanta Das is the present RBI Governor, appointed for a period of three years.

Longest and Shortest Term Governors:

• The person who served as RBI Governor for the longest time was Benegal Rama Rao. He worked for 7 years from July 1, 1949, until January 14, 1957.
• Amitabh Ghosh served as RBI Commander for the shortest time, only for 20 days from 15 January 1985 to 4 February 1985.

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