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Odisha’s Michael Debabrata Patra Appointed as 4th Deputy Governor of RBI

Author : Odisha Today Bureau | Posted on: 2020-01-14

Michael Debabrata Patra has been appointed as the 4th Deputy Governor of the Reserve Bank of India for a period of 3 years. Patra will take over the position lying vacant after Viral Acharya’s exit last year.



 

Patra is expected to take over the monetary policy portfolio handled by Acharya.

 

He is currently the Executive Director of the Monetary Policy Department.

 

Moreover, former RBI Deputy Governor Viral Acharya left the apex bank prematurely in July 2019, 6 months before his term was scheduled to end. The Financial Sector Regulatory Appointment Search Committee (FSRASC) had shortlisted 7 names for the role.



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