MUMBAI : The union authorities has prolonged the tenure of Reserve Financial institution of India (RBI) deputy governor Michael Debabrata Patra for an additional 12 months, efficient 15 January, the central financial institution mentioned in an announcement on Tuesday.
Patra took over as a deputy governor for a interval of three years on 15 January 2020 and was an government director in his earlier position.
A profession central banker since 1985, Patra, has labored in varied positions in RBI. As government director, he was a member of the Financial Coverage Committee (MPC), a panel entrusted with the accountability of financial coverage resolution making in India. As a deputy governor, he continues to be a part of the rate-setting panel.
A Fellow of the Harvard College the place he undertook post-doctoral analysis on monetary stability, he has a Ph.D. in Economics from the Indian Institute of Know-how, Bombay.
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