Over to govt as RBI guv, DG Patra's terms near end
Business Standard|October 07, 2024
With the central government extending Reserve Bank of India (RBI) Deputy Governor M Rajeshwar Rao's term by one year, it remains to be seen whether it will also extend the terms of RBI Governor Shaktikanta Das and Deputy Governor Michael Debabrata Patra, which are set to end in December 2024 and January 2025, respectively.
SUBRATA PANDA
Over to govt as RBI guv, DG Patra's terms near end

In December 2021, Das was given a three-year extension, which comes to an end in December 2024. He was initially appointed governor for a period of three years in December 2018.

Meanwhile, Patra's second one-year term as deputy governor is set to end in January 2025. He was previously granted a one-year extension until January 2024. He had completed his initial three-year term from January 2020 to January 2023. Patra has been part of the monetary policy committee (MPC) since its inception. Initially, he served as a central board-nominated member when he was an executive director, and currently as deputy governor in charge of monetary policy. RBI currently has four Deputy Governors, including Patra, Rao, T Rabi Sankar, and Swaminathan J.

This story is from the October 07, 2024 edition of Business Standard.

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This story is from the October 07, 2024 edition of Business Standard.

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