The NaMo Government on January 13 appointed Michael Patra
(ED, RBI) as Deputy Governor for a three-year term. He will take over as the
fourth Deputy Governor at RBI which he joined in 1985. He was in charge of the Monetary
Policy Division in RBI. Patra replaces Viral Acharya, who left office on July 23,
2019; six months before the end of his term. Acharya was looking after the
monetary policy department, including its forecasting and modelling unit, in
the RBI. The Financial Sector Regulatory Appointment Search Committee
(FSRASC) had shortlisted about seven names who have been called for the
interview on November 7, 2019. The search panel headed by Union Cabinet
Secretary Rajiv Gauba also included RBI Governor, Financial Services Secretary
and some independent members.
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RBI: Michael Patra appointed as Deputy Governor
By IndianMandarins - 2020-01-14 15:24:00
The NaMo Government on January 13 appointed Michael Patra
(ED, RBI) as Deputy Governor for a three-year term. He will take over as the
fourth Deputy Governor at RBI which he joined in 1985. He was in charge of the Monetary
Policy Division in RBI.
Patra replaces Viral Acharya, who left office on July 23, 2019; six months before the end of his term. Acharya was looking after the monetary policy department, including its forecasting and modelling unit, in the RBI.
The Financial Sector Regulatory Appointment Search Committee (FSRASC) had shortlisted about seven names who have been called for the interview on November 7, 2019. The search panel headed by Union Cabinet Secretary Rajiv Gauba also included RBI Governor, Financial Services Secretary and some independent members.
