Focus Merit

Government appoints Michael Patra as the Deputy Governor of RBI

The government has appointed Michael Debaprata Patra as the Deputy Governor of Reserve Bank of India. Michael Debaprata Patra was currently serving as the Executive Director of RBI. He is appointed in place of former deputy governor Viral Acharya. Patra will serve as the deputy governor for three years from the time of his appointment.

As executive director, he was a member of the Monetary Policy Committee (MPC) of the RBI, which is invested with the responsibility of monetary policy decision making in India. He will continue to be an ex-officio member of the MPC as deputy governor. As deputy governor, Patra will look after Monetary Policy Department including Forecasting and Modelling Unit (MPD/MU).