List of RBI Governors of India 2022 PDF Download: We provide you the information about the List of RBI Governors of India. Before moving on to the List of RBI Governors of India we will discuss the RBI Bank and the role of the Governor of RBI India. We do provide the List of RBI Governors of India PDF downloads and the candidates can download it for further reference. The India List of RBI Governors of India pdf has been attached to this article and the aspirants appearing for all competitive exams found it to be more useful. The competitive exams are becoming tougher these days. As the number of aspirants applying for competitive exams becomes high making competitive exams tougher nowadays. Clearing a competitive exam becomes easy when you can clear the general knowledge section. Static GK revolves around the topic of the List of RBI Governors of India. The candidates appearing for bank exams must know all details about the List of RBI Governors of India. RBI consists of 1 Governor, 4 Deputy Governors, 14 Directors, and 2 government officers. This article will be useful for all the candidates applying for banking exams, UPSC, and even IAS. Many of you have queries about who is the first governor of the reserve bank of India. Who is the first governor of RBI after the Independence in India? get to know the answers to these questions in this article. We are here to support you with the List of RBI Governors of India 2022. On continuous preparation, you can easily answer questions regarding the List of RBI Governors of India 2022.

List of RBI Governors of India

Reserve Bank of India

The Reserve Bank of India (RBI) is the central bank of India, which was established on Apr. 1, 1935, under the Reserve Bank of India Act but it was nationalized in 1949 The Reserve Bank of India uses monetary policy to create financial stability in India, and it is charged with regulating the country’s currency and credit systems. It is located in Mumbai, and the RBI governs the working of other banks and serves the financial market in many ways. The bank sets the overnight interbank lending rate. 

The main purpose of the RBI is to conduct consolidated supervision of the financial sector in India, which is made up of commercial banks, financial institutions, and non-banking finance firms. Initiatives adopted by the RBI include restructuring bank inspections, introducing off-site surveillance of banks and financial institutions, and strengthening the role of auditors.

RBI Governor of India

The Governor of the Reserve Bank of India is the chief executive officer of India's central bank and the ex-officio chair of its Central Board of Directors. Indian Rupee currency notes, issued by the Reserve Bank of India, bear the Governor's signature. Since its establishment in 1935 by the Government of India, the RBI has been headed by twenty-five governors. The Governor of the Reserve Bank of India is a member of the Strategic Policy Group headed by National Security Advisor,  Ajit Doval. It is a crucial wing of the National Security Council. The term of office typically runs for three years and can, in some cases, be extended for another two years. The Governor of RBI is appointed by the PMO (Prime Minister Office) on the recommendation of the Union Finance Minister.

RBI Governors Eligibility

Initially, RBI Governors were a part of Indian Civil services but any individual who holds a Graduate degree/ Post Graduate/ Chartered Accountant can become a Governor of RBI provided that he had worked in any of the following institutions:

• IMF/ World Bank.
• Chairman or General Manager of a Bank.
• Reputed Financial or Banking organization.
• Ministry of Finance (GOI)

Other than the above any citizen who is 35 years or above than that is eligible. He must not be a member of the Parliament/State Legislature also he must not hold any other office for profit.

Role of RBI Governor - RBI Governors' Responsibilities

Here are some duties which are generally performed by the RBI Governors.

• The powers of the governors include,

• • Banker’s banker
  • Heads all the commercial banks
  • Influencing micro and macro economies
  • Control over the stock market
  • Signatures on currency notes and
  • Control over the monetary, currency, and credit system.

• The RBI governors are responsible for maintaining the monetary stability of an economy. Thus, plays an important role in formulating the policies of the Reserve Bank of India.
• The responsibility for issuing licenses to open new foreign and private banks is also headed by the governor of RBI.
• The power to control the interest rates on advances and deposits of the country is vested upon the governors. However, the scope of this power is limited to prescribing minimum lending rates and interest rates on savings accounts.
• The financial system of the nation is regulated and administered by the Governor and only sets the parameters within which the whole financial system functions.
• The Governor of RBI manages the external trade and payment and also promotes orderly development and maintenance of the foreign exchange market in India which comes under the foreign exchange management act, of 1999.
• Monitoring of adequate quantities of currency notes and coins supply in the country and the issuance and destruction of currency are not fit for circulation in public.
• RBI Governor also keeps a check on rules and regulations to make them more customer-friendly.
• Through Urban Bank Departments RBI governor leads and supervises primary co-operative banks.
• Furthermore, RBI Governor also has a part to play in facilitating and monitoring the flow of credit to small-scale industries, rural, and agricultural sectors. The responsibility for regulating state cooperative banks, regional rural banks, and various local area banks.

The RBI Governors perform many more functions than the central bank of India.

RBI Governors Tenure

The tenure of an RBI governor as specified in the constitution is three years however it can be extended for two more years. The Governor can be terminated in two cases and they are as follows:

• If dismissed by the President.
• Resignation is submitted by the Governor to the President.

List of RBI Governors of India PDF Download

Candidates can check the List of RBI Governors of India details by downloading the List of RBI Governors of India pdf provided below. Utilize this List of RBI Governors of India pdf for static GK preparation. The updated List of RBI Governors of India pdf 2022 is provided below.

List of RBI Governors of  India PDF 2022 

List of RBI Governors of India From 1935 To 2022

Here is the list of 25 governors of the Reserve Bank of India and explained with the tenure. Read further to know the list of governors of RBI.

The first governor of the Reverse Bank of India and the inaugural officeholder was the British banker Sir, Osborne Smith (April 1, 1935 - June 30, 1937). Before he was the managing Governor of the Imperial Bank of India. The first governor of RBI after Independence was Sir C.D. Deshmukh ( 11 August 1943 - 30 June 1949) and he was an IAS officer before joining RBI.  Sir Benegal Rama Rau (July 1, 1949 -January 14, 1957) was the longest-serving governor, holding office for over seven years. Amitav Ghosh's ( January 15, 1985 – September 4, 1985) 20-day term is the shortest.

Shaktikanta Das is the twenty-fifth governor of the Reserve Bank of India from 12 December 2018. He is the current governor of RBI. Shaktikanta Das is a retired 1980 batch Indian Administrative Service (IAS) officer of the Tamil Nadu cadre. He was earlier a member of the Fifteenth Finance Commission.

Deputy Governor of RBI List

The Deputy Governor of the Reserve Bank of India is the second most senior executive officer of RBI after its Governor. Since its establishment in1934 the RBI has had 63 deputy governors. The term of office runs for three years and in some cases, be extended for another two years. The list of deputy governors of RBI is tabulated below.

The first deputy governor of the Reserve Bank of India and the inaugural officeholder James Braid Taylor (1 April 1935 - 30 June 1937) and he was worked as a Civil Servant before joining RBI. K J Udeshi holds the unique distinction of becoming the first female deputy governor of the Reserve Bank of India. The current deputy governors of the Reserve Bank of India are Mahesh Kumar Jain, Michael Patra, M.Rajeshwar Rao and now T. Rabi Sankar joins the club of Deputy governors of RBI of India.

List of RBI Governors of India PDF Download: FAQs

Q. Who is the current Governor of the Reserve Bank of India?

Shaktikanta Das is the current Governor of the Reserve Bank of India. He replaced Urjit Ravindra Patel and got appointed to the post on December 12, 2018.

Q. How many governors does RBI have in India?

The Government of India appoints the head of RBI who is referred to as the governor. So far RBI has had 25 governors.