Commodity BrokerECN BrokerPolitical NewsTrading with Capital Sands.

Michael Patra appointed deputy governor of RBI for a three-year term

By Ritu,

Capital Sands

Michael Debabrata Patra, 59, has been appointed the Reserve Bank of India (RBI) deputy governor for three years. The post fell vacant after Viral Acharya resigned on July 23 last year.

Patra, as executive director of the central bank, was the principal advisor to the Monetary Policy Department since July 2012. He was also an internal member of the monetary policy committee (MPC). He was in deputation at the International Monetary Fund (IMF) as senior adviser to executive director (India) from December 2008 to June 30, 2012. During the period, Patra was advising the executive board of the IMF in dealing with the global financial crisis and the Euro area sovereign debt crisis.

A practising central banker from inside the system and remarkably familiar with Indian financial markets, Dr Patra is sine qua non for monetary policy making,” said Soumya Kanti Ghosh, group chief economic advisor to State Bank of India. “Dr Patra has also pioneered research in the Indian context on monetary conditions index, exchange rate pass through, market microstructure and monetary policy without money,” Ghosh said.

Related posts
Political News

In Kerala, all political parties are for women MLAs, but only in principle

By Administrator_ India Capital Sands Women MLAs have never exceeded 10% of the Kerala Legislative…
Read more
Political News

LS passes Bill that seeks to clarify that 'govt' in Delhi means 'L-G'

By Administrator_ India Capital Sands A bill that seeks to make it clear that the…
Read more
Political News

‘Metro Man’ E Sreedharan, 88, is BJP’s CM candidate in Kerala

By Administrator_ India Capital Sands E Sreedharan, popularly known as the ‘Metro Man’, would be…
Read more
Newsletter
Become a Trendsetter
Sign up for Davenport’s Daily Digest and get the best of Davenport, tailored for you. [mc4wp_form id="729"]

Leave a Reply

Your email address will not be published. Required fields are marked *