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    Meet Michael Patra, RBI's new deputy Governor

    Synopsis

    Michael Patra was appointed as RBI's deputy governor, replacing Viral Acharya, who left office on July 23.

    Patra is a Phd in Economics from IIT Mumbai.
    Michael Debabrata Patra has been appointed deputy governor of the Reserve Bank of India, according to a Personnel Ministry order.

    He has been appointed to the post for a period of three years, it said.

    Patra, who is looking after the monetary policy department as the executive director, will be the fourth deputy governor of the RBI. The post was lying vacant after Viral V Acharya had resigned from the post in June last year.

    Patra is likely to retain the monetary policy department, which was handled by Acharya, as the deputy governor.

    The RBI, headed by Governor Shaktikanta Das, can have a maximum of four deputy governors.

    N S Vishwanathan, B P Kanungo and M K Jain are the other deputy governors working at the central bank.
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    7 Comments on this Story

    Girish Kallianpur370 days ago
    Congratulations Mr. Michael Patra. I am very happy for you!
    realdeshbhakt 370 days ago
    do we even need RBI now?Modi rakes all decisions because he is so brilliant
    Swabhanu Mysore Venkataramaiah370 days ago
    INITIAL HEADLINE - 'Patra was appointed - - - ' ; SEEING THIS, UNTIL I OPENED THE FULL ARTICLE TO READ, I WAS IN UTTER SHOCK - SANDIP PATRA ? ! ? ! ? !
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