RBI Deputy Governor Michael Patra reappointed for one year
The decision was made by the cabinet’s nomination committee.
A central banker since 1985, Patra had taken over as deputy governor of the RBI on January 14, 2020.
He has worked in various positions at the central bank.
As Executive Director, he was a member of the RBI’s Monetary Policy Committee (MPC), charged with the responsibility for making monetary policy decisions in India.
He remains an ex officio member of the MPC as Deputy Governor.
Prior to that, he served as senior adviser to the RBI’s Department of Monetary Policy between July 2012 and October 2014.
Patra worked at the International Monetary Fund as a Senior Advisor to the Executive Director (India) from December 2008 to June 2012, when he was actively involved in the work of the Executive Board during the period of the global financial crisis and the ongoing sovereignty crisis in the Eurozone of the IMF. debt crisis.
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