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List of deputy governors of the Reserve Bank of India

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Deputy Governor of the Reserve Bank of India
AppointerGovernment of India
Term lengthThree years
Constituting instrumentReserve Bank of India Act, 1934
Inaugural holderJames Braid Taylor and Sikandar Hayat Khan
DeputyExecutive Director
Salary₹ 2,25,000/-
Websitewww.rbi.org.in/scripts/deputygovernors.aspx

The deputy governor of the Reserve Bank of India is the second most senior executive of the Reserve Bank of India after its governor. Since its establishment in 1934 by the government of India, the RBI has had 63 deputy governors. Currently the rank of deputy governor is equivalent to the rank of secretary to the govt. of India.

The term of office typically runs for three years and can, in some cases, be extended for another two years.

The inaugural officeholder was James Braid Taylor, while K J Udeshi holds the unique distinction of becoming the first female deputy governor of the Reserve Bank of India.

Currently there are four incumbent deputy governors of the Reserve Bank of India

RBI deputy governors list

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List of deputy governors of the Reserve Bank of India
No. Officeholder Portrait Term start Term end Term in office Background Other offices held References
1 James Braid Taylor 1 April 1935 30 June 1937 2 years, 90 days  Civil servant Indian Civil Service officer [1][2][3]
2 Sikandar Hayat Khan 1 April 1935 20 October 1935 202 days  Politician Prime Minister of Punjab
 [1][2][3]
3 Manilal Balabhai Nanavati 21 December 1936 21 December 1941 5 years, 0 days  Freedom fighter [1][2][3]
4 C. D. Deshmukh 22 December 1941 10 October 1943 1 year, 292 days  Indian Civil Service officer Minister of Finance [1][2][3]
5 Wajahat Hussain 16 August 1943 4 December 1945 2 years, 49 days  [1][2][3]
6 C.R. Trevor 16 August 1943 31 December 1949 6 years, 137 days  [1][2][3]
7 M.G. Mekhri 8 July 1946 7 July 1951 4 years, 364 days  [1][2][3]
8 W.T. McCallum 15 April 1946 14 July 1948 2 years, 90 days  [1][2][3]
9 N. Sundaresan 1 January 1950 31 December 1954 4 years, 364 days  [1][2][3]
10 Ram Nath 8 June 1951 8 July 1959 8 years, 30 days  [1][2][3]
11 K. G. Ambegaonkar 1 March 1955 29 February 1960 4 years, 365 days  Indian Civil Service officer Governor of the Reserve Bank of India [1][2][3]
12 Borra Venkatappaiah 1 July 1955 28 February 1962 6 years, 242 days  Career banker Chairman of the State Bank of India [1][2][3]
13 M.V. Rangachari 1 March 1960 28 February 1965 4 years, 364 days  [1][2][3]
14 Dattatreya Gopal Karve 1 March 1962 29 February 1964 1 year, 365 days  Economist Professor at Fergusson University
 [1][2][3]
15 C.S. Divekar 12 November 1962 11 November 1965 2 years, 364 days  [1][2][3]
16 M.R. Bhide 29 February 1964 25 January 1967 2 years, 331 days  [1][2][3]
17 B.K. Madan 1 July 1964 31 January 1967 2 years, 214 days  Economist Chairman of IDBI Bank [1][2][3]
18 B. N. Adarkar 16 June 1965 3 May 1970 4 years, 321 days  Economist Governor of the Reserve Bank of India [1][2][3]
19 A. Bakshi 24 January 1967 8 September 1969 2 years, 227 days  [1][2][3]
20 J.J. Anjaria 1 February 1967 28 February 1970 3 years, 27 days  [1][2][3]
21 P.N. Damry 13 February 1967 15 March 1972 5 years, 31 days  Economist [1][2][3]
22 Rabindra Kishen Hazari 27 November 1969 26 November 1977 7 years, 364 days  [1][2][3]
23 V. V. Chari 17 November 1970 30 November 1975 5 years, 13 days  [1][2][3]
24 S.S. Shiralkar 18 December 1970 25 July 1976 5 years, 220 days  [1][2][3]
25 R.K. Sheshadri 26 July 1973 25 July 1976 2 years, 365 days  [1][2][3]
26 K.S. Krishnaswamy 29 December 1975 31 March 1981 5 years, 92 days  Economist [1][2][3]
27 P.R. Nangia 29 December 1975 15 February 1982 6 years, 48 days  [1][2][3]
28 J.C. Luther 4 January 1977 1 June 1977 148 days  [1][2][3]
29 M. Ramakrishnayya 4 January 1977 1 June 1977 148 days  Indian Administrative Service officer Chairman of the National Bank for Agriculture and Rural Development [1][2][3]
30 Amitav Ghosh 21 January 1982 20 January 1992 9 years, 364 days  Career banker Governor of the Reserve Bank of India [1][2][3]
31 C. Rangarajan 12 February 1982 20 August 1991 9 years, 189 days  Career banker Governor of the Reserve Bank of India [1][2][3]
32 M.V. Hate 12 March 1982 11 March 1985 2 years, 364 days  [1][2][3]
33 R.K. Kaul 1 October 1983 30 September 1986 2 years, 364 days  [1][2][3]
34 P.D. Ojha 29 April 1985 28 April 1990 4 years, 364 days  [1][2][3]
35 P.R. Nayak 1 April 1987 31 March 1992 4 years, 365 days  [1][2][3]
36 R. Janakiraman 1 April 1987 31 March 1992 4 years, 365 days  Managing director of the State Bank of India [1][2][3]
37 S.S. Tarapore 30 January 1992 30 September 1996 4 years, 244 days  [1][2][3]
38 D. R. Mehta 11 November 1992 21 February 1995 3 years, 102 days  Economist Chairman of the Securities and Exchange Board of India [1][2][3]
39 S.P. Talwar 7 November 1994 30 June 2001 6 years, 235 days  [1][2][3]
40 R.V. Gupta 2 May 1995 30 November 1997 2 years, 212 days  [1][2][3]
41 Y. V. Reddy 14 September 1996 31 July 2002 5 years, 320 days  Career banker Governor of the Reserve Bank of India [1][2][3]
42 Jagdish Capoor 1 January 1997 30 June 2001 4 years, 180 days  Career banker Chairman of HDFC Bank [1][2][3]
43 Vepa Kamesam 1 July 2001 23 December 2003 2 years, 175 days  Career banker Managing director of the State Bank of India [1][2][3]
44 G P Muniappan 1 July 2001 31 May 2003 1 year, 334 days  Career banker Chairman of the Deposit Insurance and Credit Guarantee Corporation [1][2][3]
45 Rakesh Mohan 9 September 2002 10 June 2009 6 years, 274 days  Economist Consultant at the Planning Commission [1][2][3]
46 K J Udeshi 10 June 2003 12 December 2005 2 years, 185 days  Career banker Chairman of Bharatiya Reserve Bank Note Mudran [1][2][3]
47 V Leeladhar 21 September 2004 8 December 2008 4 years, 78 days  Career banker Chairman of Union Bank of India [1][2][3]
48 Shyamala Gopinath 21 September 2004 8 December 2008 4 years, 78 days  Career banker Chairman of HDFC Bank [1][2][3]
49 Usha Thorat 10 November 2005 9 November 2010 4 years, 364 days  Career banker [1][2][3]
50 Kamalesh Chandra Chakrabarty 15 June 2009 25 April 2014 4 years, 314 days  Career banker Chairman of Bank of Baroda [1][2][3]
51 Subir Gokarn 24 November 2009 31 December 2012 3 years, 37 days  Economist Professor at Stanford University [1][2][3]
52 Anand Sinha 19 January 2011 18 January 2014 2 years, 364 days  Career banker Chairman of the Export Credit Guarantee Corporation of India [1][2][3]
53 Harun Rashid Khan 4 July 2011 4 July 2016 5 years, 0 days  Career banker Chairman of the National Bank for Agriculture and Rural Development [1][2][3]
54 Urjit Patel 11 January 2013 4 September 2016 3 years, 237 days  Career banker Governor of the Reserve Bank of India [1][2][3]
55 R Gandhi 3 April 2014 2 April 2017 3 years, 237 days  Career banker [1][2][3]
56 Subhash Sheoratan Mundra 31 July 2014 30 July 2017 2 years, 364 days  Career banker [1][2][3]
57 Viral Acharya 23 January 2017 23 January 2019 2 years, 0 days  Career banker [1][2][3]
58 N. S. Vishwanathan 4 July 2016 31 March 2020 3 years, 271 days  Career banker [1][2][3]
59 B.P. Kanungo 3 April 2017 2 April 2021 3 years, 364 days  Career banker [1][2][3]
60 Mahesh Kumar Jain 22 June 2018 26 June 2023 6 years, 152 days  Career banker [1][2][3]
61 Michael Patra 15 January 2020 Incumbent 4 years, 311 days  Career banker [1][2][3]
62 M. Rajeshwar Rao 9 October 2020 Incumbent 4 years, 43 days  Career banker [1][2][3]
63 T. Rabi Sankar 3 May 2021 Incumbent 3 years, 202 days  Career banker [1][2][3]
64 Swaminathan Janakiraman 26 June 2023 Incumbent 1 year, 148 days  Career banker Managing Director of the State Bank of India [1][2][3]

References

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  1. ^ a b c d e f g h i j k l m n o p q r s t u v w x y z aa ab ac ad ae af ag ah ai aj ak al am an ao ap aq ar as at au av aw ax ay az ba bb bc bd be bf bg bh bi bj bk bl "Deputy Governors". Reserve Bank of India.
  2. ^ a b c d e f g h i j k l m n o p q r s t u v w x y z aa ab ac ad ae af ag ah ai aj ak al am an ao ap aq ar as at au av aw ax ay az ba bb bc bd be bf bg bh bi bj bk bl [1][self-published source?]
  3. ^ a b c d e f g h i j k l m n o p q r s t u v w x y z aa ab ac ad ae af ag ah ai aj ak al am an ao ap aq ar as at au av aw ax ay az ba bb bc bd be bf bg bh bi bj bk bl Bajoria, Rahul (20 October 2018). The Story of The Reserve Bank of India. Rupa Publications. p. 1. ISBN 978-9353046446.
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