CURRENT AFFAIRS

Detailed explanation-1: -The Governor of Reserve Bank of India is the Chief Executive Officer of the Central Bank of India and the Ex-officio Chairman of its Central Board of Directors. At present there are 4 deputy governors of the RBI.

Detailed explanation-2: -Besides the governor, the RBI has four deputy governors. The three other deputy governors of the bank are M K Jain, M Rajeshwar Rao and T Rabi Sankar.

Detailed explanation-3: -His tenure, which was due to end this week, has been extended until Jan. 15, 2024, the two sources, who did not want to be named, told Reuters. Patra, a career central banker, was first appointed as deputy governor of the Reserve Bank of India in January 2020 for a three-year term.

Detailed explanation-4: -Chintaman Dwarkanath Deshmukh, a member of the Indian Civil Service, was the first Indian Governor of the Bank. His association with the Bank commenced in 1939, when he was appointed Government’s liason officer. He later served as Secretary and thereafter in 1941 as Deputy Governor of the Bank.

Detailed explanation-5: -Government Of India appoints the head of RBI who is referred to as governor. So far RBI has had 25 governors. Osborne Smith was the first governor of RBI in 1935 and Shaktikanta Das is the current governor of RBI.