Featured

Another From Odisha In RBI Top Brass; Michael Patra Is Deputy Governor

By
OB Bureau

New Delhi/Bhubaneswar: The Union Government on Tuesday appointed Michael Debabrata Patra as RBI Deputy Governor (DG).

A native of Cuttack, Patra was tipped to replace Urjit Patel as DG after the latter was elevated to the post of RBI Governor in 2016. Finally, Patra was made the fourth DG of RBI  replacing Viral Acharya, who left office on July 23.

He has been appointed for three years, according to a statement by the Appointments Committee of the Cabinet.

He is most likely to handle the monetary policy portfolio, which was with Acharya.

Patra is among the rare insiders to be appointed to the post, which has traditionally gone to an economist outside the central bank. Prior to Acharya, Urjit Patel, who was later elevated to the post of governor, held the post.

Patra did his graduation from the erstwhile Ravenshaw College and post graduation from Utkal University. A career central banker, he had joined RBI in 1984. He has handled several key assignments and played a part in managing India’s forex crisis in 1991. He is currently secretary of the Monetary Policy Committee.

Another alumnus of Utkal University, Bibhu Prasad Kanungo has been serving as RBI DG since April 2017.

The present RBI governor, Shaktikanta Das, is also from Odisha. The 1980-batch Tamil Nadu cadre IAS Officer and an alumnus of DM School in Bhubaneswar, assumed office in December 2018.

 

 

OB Bureau

Recent Posts

Odisha CM Directs To Supply 3 Months’ PDS Rice To Beneficiaries In Advance

Bhubaneswar: Odisha Chief Minister on Tuesday issued direction to provide rice of three months' quota…

November 5, 2024

[Watch] Salman Khan Shoots For ‘Sikander’ In Falaknuma Palace Amid Tight Security

Mumbai: In the wake of a fresh death threat by the Lawrence Bishnoi gang, actor…

November 5, 2024

Bachchan Family Upset With Nimrat Kaur, To Take Action Against Source Of Rumour

Mumbai: Rumours about Abhishek Bachchan and Aishwarya Rai’s divorce have been doing the rounds for…

November 5, 2024

Surge In Patients With Respiratory Issues In Delhi Hospitals

New Delhi: Hospitals across Delhi are witnessing a spike in the number of patients with…

November 5, 2024

ISKCON Cancels ‘Untimely’ Rath Yatra In Houston

Bhubaneswar: Facing a strong opposition from the devotees of Lord Jagannath and Puri Gajapati Maharaja…

November 5, 2024

[Watch] Is Abhishek Bachchan’s ‘I Want To Talk’ Similar To Dad Amitabh’s ‘Piku’?

Mumbai: The trailer of the highly-anticipated Abhishek Bachchan starrer ‘I Want to Talk’ was unveiled…

November 5, 2024

One Killed, Two Injured In Mukhyamantri Bus-Bike Collision In Odisha’s Ganjam

Berhampur: One person was killed and two others were injured in a collision between a…

November 5, 2024

Raveena Tandon’s Daughter To Debut With Ajay Devgn’s Nephew

Mumbai: Bollywood actress Raveena Tandon’s beautiful daughter Rasha Thadani is all set to make her…

November 5, 2024