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RBI Deputy Governor Michael Patra reappointed for one year

By IANS | Updated: January 9, 2023 23:25 IST

New Delhi, Jan 9 The Centre on Monday reappointed Reserve Bank of India (RBI) Deputy Governor Michael Debabrata ...

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New Delhi, Jan 9 The Centre on Monday reappointed Reserve Bank of India (RBI) Deputy Governor Michael Debabrata Patra for a period of one year with effect from January 15.

The decision was taken by the Appointments Committee of the Cabinet.

Patra, a career central banker since 1985, had taken over as RBI Deputy Governor on January 14, 2020.

He has worked in various positions in the central bank.

As Executive Director, he was a member of the Monetary Policy Committee (MPC) of the RBI, which is entrusted with the responsibility of monetary policy decision making in India.

He continues to be an ex-officio member of the MPC as Deputy Governor.

Prior to this, he was Principal Adviser of the Monetary Policy Department of RBI between July 2012 and October 2014.

Patra has worked in the International Monetary Fund as Senior Adviser to Executive Director (India) during December 2008 to June 2012, when he actively engaged in the work of the IMF's Executive Board through the period of the global financial crisis and the ongoing Euro area sovereign debt crisis.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: indiaNew DelhiReserve Bank Of IndiaMichael Debabrata PatraAppointments CommitteeThe finance ministry of indiaMonetary policy committee of the rbiThe new delhi municipal councilDelhi south-westCentral board of reserve bank of india
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