RBI Governor : List of RBI Governors
Table of Contents
Introduction to RBI
- The reserve bank of India is our central bank of India. The bank manages the working of the other banks and other financial institutions in India
- The bank inaugurated its operations from its headquarters in Kolkata on 1st April 1935. Currently, the headquarter is in Mumbai
- The central governments appoint RBI governor along with other deputy governors.
What are the Duties of the RBI Governor?
- Manage over the stock market
- Control all the scheduled banks
- Signature on the currency notes
- Manages monetary, currency and the credit system
- Manages the stock market
Powers of the RBI Governor
- Leads all the commercial banks
- Control over the stock market
- Impact on micro and macro economics
- Signature on the currency notes
- Controls monetary, currency and the credit system
Few personalities are so close yet so distant to India’s populace as the Governor of the Reserve Bank (RBI Governor) and few evocative of his awe and mystique: close, because virtually every individual, be he ever so poor or so rich, carries on his person the promise and signature of the Governor. Distant because central bankers are traditionally conservative and publicity shy. Awe they command as the custodian of the country’s reserves and defenders of the external value of the currency. And, mystique they possess as purveyors of money, the commodity all desire but so few understand.
Behind the mist, and shorn of the public perception, the personality of the governor assumes importance in a specific context, the governor, more than any public or private functionary in the country, has the mandate of securing the monetary stability of the country. This impinges on the day to day life of ordinary citizens.
Governor of RBI
List of RBI Governors
Sir Osborne Smith (RBI Governor) | 01-04-1935 to 30-06-1937 |
Sir Osborne Smith was the first Governor of the Reserve Bank. A professional banker, he served for over 20 years with the Bank of New South Wales and 10 years with the Commonwealth Bank of Australia before coming to India in 1926 as a Managing Governor of the Imperial Bank of India. His stewardship of the Imperial Bank won him recognition in banking circles in India. However, his outlook on policy issues like the exchange rates and interest rates was at variance with that of the Government. He resigned prior to the completion of his term of office of three and a half years. Sir Osborne, however, did not sign any bank notes during his tenure. |
Sir James Taylor (RBI Governor) | 01-07-1937 to 17-02-1943 |
Sir James Braid Taylor was a member of the Indian Civil Service and had served for over a decade in the Currency Department of the Government of India, initially as a Deputy Controller, later as Controller of the Currency, and thereafter as additional secretary in the Finance Department. He was closely associated with the preparation and piloting of the Reserve Bank of India Bill. He served as Deputy Governor of the Bank prior to his appointment as the Governor.His stewardship saw the Bank through the war years and the financial experiments it engendered and catalysed, including the decisive break away from a silver currency to fiat money. His second term came to an end with his sudden demise. |
K G Ambegaonkar (RBI Governor) 14-01-1957 to 28-02-1957 | ||
M Narasimham
Dr Manmohan Singh
A Ghosh
S Venkitaramanan
S Venkitaramanan 22-12-1990 to 21-12-1992 | ||
Dr. Bimal Jalan
Duvvuri Subbarao
Urjit Patel
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