Michael Debabrata Patra has been appointed as Deputy Governor of the Reserve Bank of India (RBI).
- He has been appointed to the post for a period of three years.
- The post was lying vacant after Viral V Acharya resigned from the post in June 2019.
- Mr Patra, who is looking after the Monetary Policy Department as the Executive Director, is likely to retain the department, which was handled by Acharya, as the Deputy Governor.
- The RBI can have a maximum of four Deputy Governors.
- N S Vishwanathan, B P Kanungo and M K Jain are the other Deputy Governors working at the central bank.
