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India


Michael Debabrata Patra appointed as RBI Deputy Governor

Michael Debabrata Patra appointed as RBI Deputy Governor

New Delhi, Jan 14 (UNI) The government on Tuesday appointed Michael Debabrata Patra as the Deputy Governor of the Reserve Bank of India.

Patra is currently an executive director at the RBI.

He has been appointed for three years, according to the Appointments Committee of the Cabinet.

His appointment comes nearly six months after former deputy governor Viral Acharya's pre-mature resignation.

Patra looks after the monetary policy department at the central bank.

He has been a part of Monetary Policy C Committee, since it's inception.

A career central banker, Patra has a Phd in Economics from IIT Mumbai. He joined the RBI in 1985.

He is also a Fellow of the Harvard University, where he did his post doctoral research in the area of financial stability.

UNI SRJ RJ 1824

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