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RBI Deputy Governor: Michael Debabrata Patra appointed as RBI’s new deputy governor | India Business News

RBI Deputy Governor: Michael Debabrata Patra appointed as RBI's new deputy governor | India Business News

NEW DELHI: The federal government on Tuesday accredited appointment of Michael Debabrata Patra as the brand new deputy governor of the Reserve Financial institution of India (RBI) for a interval of three years. Patra will substitute Viral Acharya who left workplace on July 23 final 12 months six months earlier than his time period was scheduled to finish.

Patra was earlier an govt director of the Reserve Financial institution. He has been central to the RBI’s views on the macro-economy, the brand new inflation concentrating on framework and the liquidity framework.

Patra is a Phd in Economics from the Indian Institute of Expertise, Mumbai. Earlier than shifting to the Financial Coverage division in October 2005, he was an adviser within the division of financial evaluation and coverage answerable for worldwide finance, cash and banking.

He has served in numerous capacities within the RBI which he joined in 1985.

Patra is a fellow of the Harvard College the place he undertook submit doctoral analysis within the space of economic stability.

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