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Reserve Bank Of India (RBI) - List Of Governors Till Date

The Reserve Bank of India is the Central Bank of our country. Currently, the headquarters of the RBI is in Mumbai. The Governor of the Reserve Bank of India is the chief executive of India's Central Bank and the Ex-officio chairperson of its Central Board of Directors. The Central government appoints the RBI Governer, along with the other Deputy Governors.

Jigisha Mehra
updated: 23 May 2022

Reserve Bank of India (RBI)
The Reserve Bank of India is the central bank of our Country. This bank governs the working of other banks and financial institutions in India. RBI launched its operations from its headquarters in Kolkata on 1st April 1935. Currently, the headquarters of the RBI is in Mumbai. The Governor of the Reserve Bank of India is the chief executive of India's central bank and the ex-officio chairperson of its Central Board of Directors. The Central Government appoints the RBI Governor, along with other Deputy Governors. Specifically, the Prime Minister’s Office consults the finance minister and the outgoing governor to decide the next Governor.

Role of RBI Governors
The RBI governors are responsible for maintaining the monetary stability in an economy. Thus, plays an important role in formulating the policies of the Reserve Bank of India.  The responsibility for issuing licenses to open new foreign and private banks is also headed by the governor of RBI. They handle the framing of policies on the priority sectors and support the agriculture banks. RBI governor also controls the operations under the Foreign Exchange Management Act, 1999 which facilitates external trade and payment and promotes orderly development and maintenance of foreign exchange market in the country. So far, 24 governors have headed RBI. The Term of Office typically runs for 3 years.

The RBI Governor has many powers, but the most significant ones are mentioned below:-
1. Control over Monetary, Currency, and Credit system
2. Heads all the Schedule Banks 
3. Signatures on Currency Notes 
4. Control over Stock Market 
5. Influence on Micro and Macro Economies  

List of Governors of Reserve Bank of India (RBI) 

S.No.Name of the RBI GovernorsTime-Period (1935-2022)
1.Sir Osborne Smith  April 1, 1935 – June 30, 1937 
2.Sir James Braid Taylor  July 1, 1937 – February 17, 1943 
3.Sir C.D. Deshmukh  August 11, 1943 – June 30, 1949 
4.Sir Bengal Rama Rau  July 1, 1949 – January 14, 1957 
5.K.G. Ambegaonkar  January 14, 1957 – February 28, 1957 
6.H.V.R Lyengar 
March 1, 1957 – February 28, 1962
7.P.C Bhattacharya  March 1, 1962 – June 30, 1967 
8.L.K. Jha  July 1, 1967 – May 3, 1970 
9.B.N. Adarkar  May 4, 1970 – June 15, 1970 
10.S. Jagannathan  June 16, 1970 – May 19, 1975 
11.N.C. Sen Gupta  May 19, 1975 – August 19, 1975 
12.K.R. Puri  August 20, 1975 – May 2, 1977 
13.M. Narasimham  May 3, 1977 – November 30, 1977 
14.I.G. Patel  December 1, 1977 – September 15, 1982 
15.Manmohan Singh  September 16, 1982 – January 14, 1985 
16.Amitav Gosh  January 15, 1985 – February 4, 1985 
17.R.N. Malhotra  February 4, 1985 – December 22, 1990 
18.S. Vpnldraramanan  December 22, 1990 – December 21, 1992 
19.C. Rangarajan  December 22, 1992 – November 21, 1997 
20.Bimal Jalan  November 22, 1997 – September 6, 2003 
21.Y.V. Reddy  September 6, 2003 – September 5, 2008 
22.D. Subbarao  September 5, 2008 – September 4, 2013 
23.Raghuram G. Raj an  September 4, 2013 – September 4, 2016 
24.Urjit Ravindra Patel  September 4, 2016 – December 10,2018 
25.Shaktikanta Das  December 12, 2018 – To Date 

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