RBI Governor List of India - Description
Dear Readers, today we have come with the RBI Governor List of India PDF for you. You will get very useful information in this article about RBI. The Reserve Bank of India (RBI) is the central Bank of India was established on Apr 1, 1935 under the Reserve Bank of India Act. It was nationalized in 1949. The Reserve Bank of India uses monetary Policy to create financial stability in India and charged with regulating the country’s currency and credit systems. Being a statutory body RBI is not only accountable for regulating the different financial institutions in India but it also performs various other functions as well:
- Issuing, Printing and Circulation of Currency Notes
- Act as A Monetary Authority
- Government’s Banker
- Foreign Exchange Management
- Controls Credits and supply of money
- Regulators of Payment and Settlement System
- Last Resort to Bankers
- Appointment of CEO/Chairman of any Bank
- Research and Development
RBI Governor List of India PDF from 1935 to 2021
|RBI Governors||Time Period 1935-2021|
|Sir Osborne Smith||April 1, 1935 – June 30, 1937|
|Sir James Braid Taylor||July 1, 1937 – February 17, 1943|
|Sir C.D. Deshmukh||August 11, 1943 – June 30, 1949|
|Sir Bengal Rama Rau||July 1, 1949 – January 14, 1957|
|K.G. Ambegaonkar||January 14, 1957 – February 28, 1957|
|H.V.R Lyengar||March 1, 1957 – February 28, 1962|
|P.C Bhattacharya||March 1, 1962 – June 30, 1967|
|L.K. Jha||July 1, 1967 – May 3, 1970|
|B.N. Adarkar||May 4, 1970 – June 15, 1970|
|S. Jagannathan||June 16, 1970 – May 19, 1975|
|N.C. Sen Gupta||May 19, 1975 – August 19, 1975|
|K.R. Puri||August 20, 1975 – May 2, 1977|
|M. Narasimham||May 3, 1977 – November 30, 1977|
|I.G. Patel||December 1, 1977 – September 15, 1982|
|Manmohan Singh||September 16, 1982 – January 14, 1985|
|Amitav Gosh||January 15, 1985 – February 4, 1985|
|R.N. Malhotra||February 4, 1985 – December 22, 1990|
|S. Vpnldraramanan||December 22, 1990 – December 21, 1992|
|C. Rangarajan||December 22, 1992 – November 21, 1997|
|Bimal Jalan||November 22, 1997 – September 6, 2003|
|Y.V. Reddy||September 6, 2003 – September 5, 2008|
|D. Subbarao||September 5, 2008 – September 4, 2013|
|Raghuram G. Raj an||September 4, 2013 – September 4, 2016|
|Urjit Ravindra Patel||September 4, 2016 – December 10,2018|
|Shaktikanta Das||December 12, 2018 – to date|
Roles and Duties of RBI Governor:
- The governor of the RBI is responsible for regulating and administering the financial system of the nation. He is responsible for setting parameters within which the whole financial system will function. Not a rupee can be moved without the permission of the governor of RBI.
- The governor of the RBI is responsible for controlling the interest rates on deposits and advances of the country. However this control is limited to the extent of prescribing interest rates on savings account and a minimum lending rate.
- The foreign exchange management Act, 1999 which is to facilitate external trade and payment and to promote orderly development and maintenance of foreign exchange market in India is managed by the governor of RBI.
- The RBI governor is further responsible to monitor the issue and destruction of currency and coins which are not fit for circulation in public. He is also responsible to monitor the adequate quantity of currency notes and coins are supplied and in good quality.
- He also has a major role to play when it comes to helping and promoting functions in order to support national objectives.
- The Reserve Bank of India is responsible for maintaining the financial stability in an economy, since the governor of RBI is the head of the most prestigious financial institution, he plays a major role in formulating the policies of RBI.
- Apart from formulating policies, the governor of the RBI also is responsible for issuing licenses to open new private and foreign banks.
- Along with his team, the governor of the Reserve Bank of India has to continually review rules and regulations in order to make them more customer friendly.
- The governor of the Reserve Bank of India also has a part to play in monitoring and facilitating flow of credit to rural, agricultural and various small scale industries sectors. He is also responsible for framing policies on priority sector and supporting the agriculture banks. Further, the governor is responsible for regulating regional rural banks, state co-operative banks and various local area banks.
- You must be aware that the government has various poverty alleviation schemes in order to eradicate poverty from India. The governor of RBI monitors these schemes as well.
- The RBI governor is responsible for leading and supervising primary co-operative banks which are in more popular terms known as “Urban co-operative banks”. He does this through his Urban Banks Department.