List of Governors of Reserve Bank of India
|Governor of the Reserve Bank of India|
|Appointer||Appointments Committee of the Cabinet|
|Term length||Three years|
|Constituting instrument||Reserve Bank of India Act, 1934|
|Inaugural holder||Osborne Smith (1935–1937)|
|Formation||1 April 1935|
|Deputy||Deputy Governors of the Reserve Bank of India|
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. Indian Rupee currency notes, issued by the Reserve Bank of India (RBI), bear the governor's signature. Since its establishment in 1935 by the British colonial government, the RBI has been headed by twenty-five governors. The term of office typically runs for three years.
The inaugural officeholder was the British banker Osborne Smith, while C. D. Deshmukh was the first Indian governor. Holding office for over seven years, Benegal Rama Rau is the longest-serving governor, while Amitav Ghosh's 20-day term is the shortest. The bank's fifteenth governor, Manmohan Singh, later became India's thirteenth prime minister. Shaktikanta Das is the twenty-fifth governor of the Reserve Bank of India from 12 December 2018.
|No.||Officeholder||Portrait||Term start||Term end||Term in office||Background||Prior office(s)||Reference(s)|
|1||Osborne Smith||1 April 1935||30 June 1937||821 days||Banker||Managing Governor of the Imperial Bank of India|||
|2||James Braid Taylor||1 July 1937||17 February 1943||2057 days||Indian Civil Service (ICS) officer||Deputy Governor of the Reserve Bank of India
|3||C. D. Deshmukh||11 August 1943||30 May 1949||2150 days||ICS officer||Deputy Governor of the Reserve Bank of India|
|4||Benegal Rama Rau||1 July 1949||14 January 1957||2754 days||Ambassador of India to the United States
|5||K. G. Ambegaonkar||14 January 1957||28 February 1957||45 days||Finance Secretary|
|6||H. V. R. Iyengar||1 March 1957||28 February 1962||1825 days||Chairman of the State Bank of India|
|7||P. C. Bhattacharya||1 March 1962||30 June 1967||1947 days||Indian Audit and Accounts Service officer||Chairman of the State Bank of India|
|8||Lakshmi Kant Jha||1 July 1967||3 May 1970||1037 days||ICS officer||Secretary to the Prime Minister of India|
|9||B. N. Adarkar||4 May 1970||15 June 1970||42 days||Economist||Executive Director at the International Monetary Fund|
|10||Sarukkai Jagannathan||16 June 1970||19 May 1975||1798 days||ICS officer||Executive Director at the World Bank|
|11||N. C. Sen Gupta||19 May 1975||19 August 1975||92 days||Banking Secretary|
|12||K. R. Puri||20 August 1975||2 May 1977||621 days||Chairman and Managing Director of the Life Insurance Corporation|
|13||M. Narasimham||3 May 1977||30 November 1977||211 days||Career Reserve Bank of India officer||Deputy Governor of the Reserve Bank of India|
|14||I. G. Patel||1 December 1977||15 September 1982||1749 days||Economist||Director of the London School of Economics
|15||Manmohan Singh||16 September 1982||14 January 1985||851 days||Secretary in the Ministry of Finance
|16||Amitav Ghosh||15 January 1985||4 February 1985||20 days||Banker||Deputy Governor of the Reserve Bank of India
|17||R. N. Malhotra||4 February 1985||22 December 1990||2147 days||Indian Administrative Service (IAS) officer||Finance Secretary
|18||S. Venkitaramanan||22 December 1990||21 December 1992||730 days||IAS officer||Finance Secretary|
|19||C. Rangarajan||22 December 1992||21 November 1997||1795 days||Economist||Deputy Governor of the Reserve Bank of India|
|20||Bimal Jalan||22 November 1997||6 September 2003||2114 days||Finance Secretary
|21||Y. Venugopal Reddy||6 September 2003||5 September 2008||1826 days||IAS officer||Executive Director at the International Monetary Fund
|22||D. Subbarao||5 September 2008||4 September 2013||1825 days||Finance Secretary
|23||Raghuram Rajan||4 September 2013||4 September 2016||1096 days||Economist||Chief Economic Adviser to the Government of India|
|24||Urjit Patel||4 September 2016||11 December 2018||865 days||Deputy Governor of the Reserve Bank|
|25||Shaktikanta Das||12 December 2018||Incumbent||36 days||IAS officer||Member of the Fifteenth Finance Commission|||
- Dadabhoy, Bakhtiar K (18 Sep 2013). Barons of Banking - Glimpses of Indian Banking History. Random House India. p. 20. ISBN 9788184004762.
- Saha, Siddhartha Sankar (2013). Indian financial systems and markets. New Delhi, IN.: McGraw-Hill. p. 67. ISBN 1259005003.
- Prasad, Gireesh Chandra; Ghosh, Shayan; Gopakumar, Gopika (11 December 2018). "Shaktikanta Das, who oversaw demonetization, is new RBI governor". Livemint. New Delhi/Mumbai: Vivek Khanna. Retrieved 12 December 2018.
- "Shaktikanta Das Is New RBI Governor". BloombergQuint. BQ Desk. 11 December 2018. Retrieved 11 December 2018.
- "Shaktikanta Das: The man behind GST, note ban now heads RBI". The Economic Times. ET Online. The Times Group. 11 December 2018. OCLC 61311680. Retrieved 11 December 2018.