In today’s article, we are going to know how one becomes a governor, what the salary of a governor is, and what the qualifications are for the water that a governor has. We are going to know in complete detail about how old the Governor is.
What is the “duty“ of the RBI Governor?
Reserve Bank of India(RBI) is the Central Bank of India. Called DC Bankers Bank, RBI is responsible for controlling the policy of the Government of India.
That is, many important tasks like regulating the issues related to Indian currency, maintaining the country’s foreign exchange reserves, and controlling credit is done by RBI.
If we talk about the RBI Governor, it is a very responsible position that has to fulfill all the responsibilities of RBI, which includes monitoring the process of issuing licenses of new private and foreign banks and doing many such works that are important for Indian financing. Coffee is important to regulate the system.
How many years does RBI last?
The RBI Governor is appointed by the PMO i.e. Prime Minister’s Office for 5 years. It is recommended by Union Finance. The position of RBI Governor is equivalent to that of a State Minister.
The process to become RBI Governor
Most of the candidates who reached the position of RBI Governor were from IAS Indian administrator service backgrounds. But this is not a condition for becoming RBI Governor.
The basic qualification to become an RBI Governor is graduation. That means a graduate or postgraduate can be a part of becoming RBI Governor.
This experience is necessary before becoming RBI Governor.
Before becoming RBI Governor, a candidate should have good knowledge of the Indian Banking System. its good economics
| Ministry of Finance |
| Imf international monetary fund |
| World Bank |
| Reputed financial |
| Banking organization |
Note:-Apart from these, there can also be a Chairman or General Manager of any bank.
This is necessary to become RBI Governor.
The candidate should not be a member of Parliament or State Legislature and should not be working on a profitable post in any other office. There is also an age limit to become RBI Governor, that is, for this post, an Indian citizen must be at least 35 years of age.
What is the salary of the RBI Governor?
The salary of RBI Governor is around Rs 2.5 lakh per month.
If you want to become RBI Governor?
The chances of becoming RBI Governor are higher only when the banking and financial system is strong and the possibilities for it are high. who is in the Indian Civil Service?In such a situation, you have understood that there is no course to become RBI Governor.
Why doesn’t RBI print more notes?
To print each note, the government deposits gold or property equivalent to that amount with the RBI, then the RBI prints notes equal to its value. Every note has the signature of the governor.
Reserve Bank of India was established on 1 April 1935. The headquarters of RBI is located in Mumbai.
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Why is there no governor’s signature on one rupee note?
Except for the ₹1 note, all other notes have the signature of the Governor. The ₹1 note has the signature of the Finance Secretary. Because the one rupee note is issued by the Finance Ministry.
Who is the new RBI governor
The Government of India has appointed Sanjay Malhotra as the new Governor of the Reserve Bank of India (RBI). He has been appointed as the 26th Governor of RBI for a term of 3 years starting from 12 December 2024
Who is Sanjay Malhotra
- He is an Indian Administrative Service officer of the 1990 batch of Rajasthan.
- Sanjay Malhotra became the Chairman and MD of REC on 20 November 2020.
- Sanjay Malhotra completed his engineering degree from IIT Kanpur.
- Prior to this, he has also worked as an Additional Secretary in the Ministry of Energy.
- Currently, Sanjay Malhotra is working as Rajaswa.
All List RBI governor
| Sr No | Governor Name | joining Date & years | total day & years |
| 1. | Sir Osborne Smith | 1 April 1935-30 June 1937 | 2 years, 90 days |
| 2. | Sir James Braid Taylor | 1 July 1937-17 February 1943 | 5 years, 231 days |
| 3. | Sir C. D. Deshmukh | 11 August 1943 -30 June 1949 | 5 years, 223 days |
| 4. | Sir Benegal Rama Rau | 1 July 1949-14 January 1957 | 7 years, 197 days |
| 5. | K. G. Ambegaonkar | 14 January 1957 -28 February 1957 | 45 days |
| 6. | H. V. R. Iyengar | 1 March 1957 -28 February 1962 | 4 years, 364 days |
| 7. | P. C. Bhattacharya | 1 March 1962 -30 June 1967 | 5 years, 121 days |
| 8. | Lakshmi Kant Jha | 1 July 1967 -3 May 1970 | 2 years, 306 days |
| 9. | B. N. Adarkar | 4 May 1970-15 June 1970 | 42 days |
| 10 | Sarukkai Jagannathan | 16 June 1970-19 May 1975 | 4 years, 337 days |
| 11. | N. C. Sen Gupta | 19 May 1975-19 August 1975 | 92 days |
| 12. | K. R. Puri | 20 August 1975-2 May 1977 | 1 year, 255 days |
| 13. | M. Narasimham | 3 May 1977-30 November 1977 | 211 days |
| 14. | I. G. Patel | 1 December 1977- 15 September 1982 | 4 years, 288 days |
| 15. | Manmohan Singh | 16 September 1982- 14 January 1985 | 2 years, 120 days |
| 16. | Amitav Ghosh | 15 January 1985-4 February 1985 | 20 days |
| 17. | R. N. Malhotra | 4 February 1985-22 December 1990 | 5 years, 321 days |
| 18. | S. Venkitaramanan | 22 December 1990-21 December 1992 | 1 year, 365 days |
| 19. | C. Rangarajan | 22 December 1992 21 November 1997 | 4 years, 334 days |
| 20. | Bimal Jalan | 2 November 1997-6 September 2003 | 5 years, 288 days |
| 21. | Y. V. Reddy | 6 September 2003- 5 September 2008 | 4 years, 365 days |
| 22. | D. Subbarao | 5 September 2008- 4 September 2013 | 4 years, 364 days |
| 23. | Raghuram Rajan | 4 September 2013 4 September 2016 | 3 years only |
| 24. | Urjit Patel | 4 September 2016- 10 December 2018 | 2 years, 98 days |
| 25. | Shaktikanta Das | 12 December 2018 11 December 2024 | 6 years |
| 26. | Sanjay Malhotra | 11 December 2024 | ………… |
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