Michael Patra’s re-appointment as the RBI’s deputy governor for an additional period of one year with effect from January 15 has been confirmed by the Appointments Committee of the Cabinet, which is presided over by Prime Minister Narendra Modi.
From Press Trust of India Michael Debabrata Patra, the deputy governor of the Reserve Bank of India (RBI), had his tenure extended by the government on Monday for an additional year. On January 14, Patra’s three-year term will come to an end.
Patra’s re-appointment as the RBI’s deputy governor for an additional year starting on January 15 has been accepted by the Appointments Committee of the Cabinet, which is chaired by Prime Minister Narendra Modi.
Shaktikanta Das, governor of the RBI, is in charge of the six-person Monetary Policy Committee.
The RBI has four deputy governors in addition to the governor. M K Jain, M Rajeswar Rao, and T Rabi Sankar are the bank’s other three deputy governors.
