Michael Patra Appointed As RBI’s Fourth Deputy Governor

On Tuesday, the government appointed Michael Debaprata Patra as the Reserve Bank of India's fourth Deputy Governor. Patra, who is currently the Executive Director with RBI, will serve as the Deputy Governor for a tenure of three years.

He will take Viral Acharya's place, who abruptly quit from his position in July 2019, six months ahead of the end of his tenure.

The Financial Sector Regulatory Appointment Search Committee (FSRASC), which included Governor Shaktikanta Das, had shortlisted seven names for the role.