RBI Governor and Deputy Governors

Currently (September 2016), Dr. Urjit Patel is the Governor of RBI. The four Deputy Governors of RBI are Mr. Shri Harun Rashid Khan, Shri Urjit Patel, Shri R. Gandhi and Shri S S Mundra. Brief description about them is given below.

Dr. Urjit Patel: Governor

Dr. Urjit Patel is the current and the 24th Governor of the Reserve Bank of India (RBI).  Dr. Patel had succeeded Raghuram Rajan on September 4, 2016.Urjit Patel

  • Prior to this appointment (elevation) he was Deputy Governor of RBI. He is the eighth Deputy Governor to be elevated as Governor at RBI.
  • By profession Dr. Urjit Patel is an eminent economist, consultant and banker. He has two decades of rich experience across sectors including financial, energy and infrastructure sectors.
  • He has worked with the International Monetary Fund (IMF) covering the US, India, Bahamas and Myanmar desks between 1990 and 1995.
  • For first time, he was appointed as the Deputy Governor of RBI in January 2013 for three year term and was later reappointed on January 2016.
  • He had headed committee to review the monetary policy framework and had proposed monetary policy committee to set interest rates.
  • He also had worked as a consultant to the Union Ministry of Finance (Department of Economic Affairs) from 1998 to 2001.

Harun Rashid Khan: Deputy Governor

He was re-appointed as Deputy Governor in July 2014for a period of three years.

  • For first time he was appointed Deputy Governorin July 2011.Prior to this appointment he was Executive Director of Reserve Bank of India since October 2007. He was also has served as Director of NABARD.
  • He had joined Reserve Bank in 1978 after his Masters in Political Science from Utkal University, Bhubaneswar and Masters in Philosophy from the School of International Studies, Jawaharlal Nehru University, New Delhi.
  • He is a Certified Associate of the Indian Institute of Banking and Finance (CAIIB) and holds Diploma in Business Management (DBM).

Urjit Patel: Deputy Governor

He was appointed as the Deputy Governor in January, 2013 for a period of three years.

  • Prior to his appointment as the Deputy Governor he was Advisor (Energy & Infrastructure), The Boston Consulting Group.
  • He holds a Ph.D. in Economics from Yale University (1990) and M. Phil. from Oxford (1986).
  • He was with International Monetary Fund (IMF) between 1990 and 1995 and worked on the U.S., India, Bahamas and Myanmar desks.
  • He was a Consultant (1998-2001) to the Ministry of Finance, Department of Economic Affairs, New Delhi.

R. Gandhi: Deputy Governor

He was appointed as Deputy Governor in April 2014 for a period of three years.He replaced AnandSinha.

  • He looks after the following portfolios of RBI: Department of Banking Operations and Development, Department of Non-Banking Supervision, Urban Banks Department, Department of Expenditure and Budgetary Control, Department of Information Technology, Legal Department, Premises Department and Risk Monitoring Department.
  • RBI career:Prior to this appointment he was Executive Director of RBI. He had started his career with RBI in 1980.

He has a Master’s degree in Economics from the Annamalai University, Tamil Nadu. He also has post graduate level certificates in Management Information System from The American University, Washington DC, USA and in Capital Market from the City University of New York, New York, USA.

S S Mundra: Deputy Governor

He was appointed as Deputy Governor in July 2014for a period of three years.

  • He looks after the following portfolios of RBI: banking supervision, currency management, financial stability, rural credit, customer service, as also, the Reserve Bank’s human resources and security.
  • Prior to joining RBI, he was Chairman and Managing Director, Bank of Baroda (India’s second largest bank).
  • Banking career: He began his career as a Probationary Officer in Bank of Baroda in March 1977 and his banking career spans 37 years.
  • He has held several challenging positions including heading Bank of Baroda’s European operations (UK) before being elevated as Executive Director of Union Bank of India in September 2010 and further as Chairman of Bank of Baroda in January 2013.

He holds a Masters Degree in Commerce and CAIIB.

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  • Akansha Gupta

    HR Khan has replaced Shyamala Gopinath :)


    what is the maximum age limit for RBI Governer.

    • John

      age limit of rbi governer is 62 years

  • Farman Ahmad Khan

    Who’s appoints rbi governor

    • d.khaleel baig

      governor is appointed bt President of India

  • onkar tiwari

    Sir ..very nice information you provided. sir, what is the retirement age of RBI governor?

  • amit

    plz update the info of r gandhi is the one of the DG,RBI

  • Dr. Harpal Sangwan

    Hopless RBI and hopless service of Banks, staff have criminal bent of mind and service towards customers,[. RBI , governors contact EMail no where tresable, how the public , harassed customers will contact, serious violations of consumers rights,all rules norms of legal system. will the RBI governor get up from his sleep to the vows of customers and do his duty properly.

  • A.E.Radha

    I recvd a mail saying some funds are lying with RBI and they want to transfer the fund to my account. Right down the name is of Ms. S.S. Mundra (Dyp Governor – RBI and the address is Fort – Mumbai).
    Would like to know – what is this all about and whether it is true.

    Pls help.
    Thank you

    • sonu

      dont believe and give your details such as your a/c no or any secured pass think y should any one give you fund freely

  • P.K.Dalmia

    Services of RBI in helping Bank Customers is Hopeless.Responce to any letter
    addressed to Bank take too long time even several minths.There is no system
    to acknowledge & intimate who will attend the same.
    Working of Ombudsman scheme is also far from satisfactory and nearly 45% of complaints against unethical attitude of Bank are closed/rejected without proper consideration in as much as OMBUDSMAN do not care to call both the parties to explain/understand there complaints nor provide copies of counter received from the Bank in complaint
    .Working of Dy.Governers (Appeal) is hopeless. they too refuse to consider appeals preferred against wrong,unethical/baseless orders of Ombudsman without any reason or justification and take months even to inform the Appellant why their appeal is not being considered or rejected There is no transparency This system is just a waste of Taxpayer’s money

    • v r srinivasan

      pl let me know ur emai id. i have similar problems

  • Dipankar Bagdi

    Please help me. I am very poor people sir.
    how can i speck in hindi please help me.

    • Dipankar Bagdi

      Please help me. I am very poor people sir.
      how can i speck in hindi please help me to solve in my monitary problems.

  • amita satpute

    Who is Bank service customer care chairman

  • Akash Rajvansh

    sir, pls tell me the full name of R.Gandhi(dept.govrnr of rbi)

  • kamlesh singh darmwal

    hello sir,
    please provide me any mail ID of SBI Branch-Bhowali

  • madhuwan

    rbi governor appointed for how many years

  • rahul kumar pawecha

    Sir please provided this total

  • hariom

    This is a good,useful ,and short sentences about RBI governed, I really impressed..

  • karamjeet kaur

    can I became a RBI governor???how…????

  • Indranath Chakrabartty

    I complained against SBI. After completing the steps as SBI Complaint form, which did not do justice to their defaults, I made a complaint to RBI Ombudsman in Kolkata. But its response was same as the bank’s ( Complaint Ref 201516005000521). Now to make an online complaint to Dy. Governer, I find great difficulty in getting his email address. I fail to understand, why public money is being spent on theise portals, when it is a foregone conclusion that nothing worth will come out of it? Another such rubbish department is PG Portal. It is only a Govt Post office manned by IAS officers.