List of governors of the Reserve Bank of India
| Governor of the Reserve Bank of India | |
|---|---|
| भारतीय रिजर्व बैंक के गवर्नर | |
Seal of the Reserve Bank of India | |
since 11 December 2024 | |
| Type | Chief Executive Officer |
| Status | Chief Executive Officer of Reserve Bank of India |
| Appointer | Government of the Republic of India |
| Term length | 3 years (extendable) |
| Constituting instrument | Reserve Bank of India Act, 1934 |
| Inaugural holder | Sir Osborne Smith |
| Formation | 1 April 1935 |
| Deputy | Deputy Governor |
| Salary | ₹250,000 (US$3,000) |
| Website | rbi |
The governor of the Reserve Bank of India is the chief executive officer of India's central bank and the ex-officio chair of its Central Board of Directors. Initially it was below the cabinet secretary rank but currently it an equivalent rank to cabinet secretary. Indian Rupee currency notes, issued by the Reserve Bank of India, bear the governor's signature. Since its establishment in 1935 by the government of the Republic of India, the RBI has been headed by twenty-six governors. The governor of the Reserve Bank of India is a member of the Strategic Policy Group headed by National Security Advisor Ajit Doval. It is a crucial wing of the National Security Council.
The inaugural officeholder was the British banker Sir Osborne Smith, while Sir C. D. Deshmukh was the first native Indian governor. Holding office for over seven years, Sir Benegal Rama Rau was the longest-serving governor, while Amitav Ghosh's 20-day term is the shortest. The bank's fifteenth governor, Manmohan Singh, later became India's thirteenth prime minister. Sanjay Malhotra is the twenty-sixth governor of the Reserve Bank of India from 11 December 2024.