Michael Patra appointed as RBI Deputy Governor

The government has appointed Michael Debaprata Patra as the deputy governor of the Reserve Bank of India (RBI). After the six months of Viral Acharaya’s pre-mature resignation, Patra was has been appointed.

Patra will serve as the deputy governor for three years from the time of his appointment. The Reserve Bank currently has three deputy governors-NS Vishwanathan, BP Kanungo and MK Jain. Patra will be the fourth among the deputy governors. Shaktikanta Das is the governor of RBI.