The Reserve Bank of India (RBI) is the highest banking authority of India. Numerous individuals have held the position of Governor of the Reserve Bank of India ever since it was established in 1935 by the British colonial government. Shaktikanta Das was recently given the position of Governor of the RBI for a period of three years. The Chief Executive Officer and Ex-Officio Chairman of the Central Board of Directors of the Central Bank of India is the Governor of the Reserve Bank of India.
RBI Governors of India
Sir Osborn Smith served as the Reserve Bank of India’s first Governor, while C.D. The Reserve Bank of India’s first Indian governor was Deshmukh. As India’s central bank, the Reserve Bank of India (RBI) has had a number of distinguished governors over the years. Famous economists, policymakers, and financial experts who have shaped India’s monetary policy and financial system are on the list of RBI Governors. India’s progress toward indigenous financial sector leadership is reflected in Deshmukh’s appointment as the RBI’s first Indian Governor, a significant event in the institution’s history.
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First Governor of RBI
Sir Osborne Smith served as the Reserve Bank of India’s (RBI) first governor. He expected office on April 1, 1935, when the RBI was laid out according to the Reserve Bank of India Act, 1934. The British banker and economist Sir Osborne Smith was instrumental in establishing the RBI and shaping its early policies. He focused on establishing the monetary policy framework for the RBI, regulating the banking system, and promoting the stability of the Indian financial system during his tenure. The RBI’s pivotal role in India’s economic development was established by Sir Osborne Smith’s pioneering leadership.
First Indian Governor of RBI
C.D. was the first Indian to hold the position of Governor of the Reserve Bank of India (RBI). Deshmukh. He accepted office on August 11, 1943, turning into the principal Indian to stand firm on this esteemed situation. C.D. Deshmukh was a prominent administrator and economist who was well-known for his contributions to India’s financial and economic policies. During his residency, he zeroed in on advancing financial dependability, directing the financial area, and figuring out money related approaches to help India’s monetary turn of events. C.D.
Present Governor of RBI
Shaktikanta Das is the current Governor of the Reserve Bank of India (RBI) as of April 2023. On December 12, 2018, he succeeded Urjit Patel as president. Shaktikanta Das, a seasoned economist and public servant, has led the RBI through difficult times, such as the COVID-19 pandemic and global economic uncertainty. Under his administration, the RBI has carried out measures to help monetary development, monetary solidness, and banking area changes. Shaktikanta Das has taken the lead in developing and enforcing monetary policies to address India’s changing economic landscape.
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List of All The Governors of The Reserve Bank of India (1935-2023)
| S.N. | Governor Name | Tenure |
| 1. | Sir Osborne Smith | April 1, 1935 to June 30, 1937 |
| 2. | Sir James Braid Taylor | July 1, 1937 to February 17, 1943 |
| 3. | Sir C. D. Deshmukh | August 11, 1943 to June 30, 1949 |
| 4. | Sir Benegal Rama Rau | July 1, 1949 to 14 January 1957 |
| 5. | K. G. Ambegaonkar | January 14, 1957 to 28 February 1957 |
| 6. | H. V. R. Iyengar | March 1, 1957 to February 28, 1962 |
| 7. | P. C. Bhattacharya | March 1, 1962 to June 30, 1967 |
| 8. | L. K. Jha | July 1, 1967 to May 3, 1970 |
| 9. | B. N. Adarkar | May 4, 1970 to June 15, 1970 |
| 10. | S. Jagannathan | June 16, 1970 to May 19, 1975 |
| 11. | N. C. Sen Gupta | May 19, 1975 to August 19, 1975 |
| 12. | K. R. Puri | August 20, 1975 to May 2, 1977 |
| 13. | M. Narasimhan | May 3, 1977 to November 30, 1977 |
| 14. | I.G. Patel | December 1, 1977, to September 15, 1982 |
| 15. | Manmohan Singh | September 16, 1982 to January 14, 1985 |
| 16. | Amitav Ghosh | January 15, 1985, to February 4, 1985 |
| 17. | R. N. Malhotra | February 4, 1985, to December 22, 1990 |
| 18. | S. Venkatraman | December 22, 1990 to December 21, 1992 |
| 19. | C. Rangarajan | December 22, 1992, to November 21, 1997 |
| 20. | Bimal Jalan | November 22, 1997 to September 6, 2003 |
| 21. | Y. V. Reddy | September 6, 2003, to September 5, 2008 |
| 22. | D. Subbarao | September 5, 2008, to September 4, 2013 |
| 23. | Raghuram Rajan | September 4, 2013, to September 4, 2016 |
| 24. | Urjit Patel | September 4, 2016, to December 11, 2018 |
| 25 | Shaktikanta Das | December 12, 2018, to October 2021 |
| 26. | Shaktikanta Das | October 2021 to Present |
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Final Words
The governor has a predetermined 5-year term. Except for the one rupee note, which bears the signature of the Finance Secretary of India, all Indian currency notes bear their signature. The official records provide a comprehensive list of all 25 RBI Governors from 1935 to 2024. These 25 distinguished governors have served as the RBI’s leadership since its founding during British colonial rule.