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Government appoints Michael Patra as RBI Deputy Governor


Government appoints Michael Patra as RBI Deputy Governor

 

The government has appointed Michael Patra as the Deputy Governor of RBI.

The appointment was approved by the Appointments Committee of the Cabinet (ACC).

He will hold the office for a period of three years.

He will replace Viral Acharya, who left the post in July 2019.

He will be the fourth Deputy Governor of the central bank. He will be in charge of monetary policy and remain on the MPC. 

Patra is currently the executive director (ED) of the Monetary Policy Department.