Moneycontrol PRO
Upcoming Event:Super25 3.0- India’s Largest Online Stock Traders Conference brought to you by Moneycontrol Pro & Espresso

Government appoints Michael Patra as RBI Deputy Governor

Patra, who is already a member of the Monetary Policy Committee, will replace Viral Acharya, who left the post in July 2019.

January 15, 2020 / 05:59 PM IST

The government has appointed Michael Patra as the Deputy Governor of the Reserve Bank of India (RBI), according to a press release by the Appointments Committee of the Cabinet.

Patra, who is already a member of the Monetary Policy Committee (MPC), will replace Viral Acharya, who left the post in July 2019. He will be the fourth Deputy Governor of the central bank.

Patra is also the executive director of the Monetary Policy Department. He is expected to takeover over the monetary policy portfolio, which was previously managed by Acharya, according to media reports.

At the last MPC meet, Patra had, along with the other members, voted for a pause in RBI's key interest rates. He was earlier widely considered an "inflation-hawk".



Download your money calendar for 2022-23 here and keep your dates with your moneybox, investments, taxes

Moneycontrol News
first published: Jan 14, 2020 11:03 am
Sections
ISO 27001 - BSI Assurance Mark