| Post: | Deputy Governor |
| Body: | the Reserve Bank of India |
| Termlength: | Three years |
| Appointer: | Government of India |
| Salary: | ₹ 2,25,000/- |
| Inaugural: | James Braid Taylor and Sikandar Hayat Khan |
| Constituting Instrument: | Reserve Bank of India Act, 1934 |
| Deputy: | Executive Director |
The deputy governor of the Reserve Bank of India is the second most senior executive of the Reserve Bank of India after its governor. Since its establishment in 1934 by the government of India, the RBI has had 63 deputy governors. Currently the rank of deputy governor is equivallent to the rank of secretary to the govt. of India.
The term of office typically runs for three years and can, in some cases, be extended for another two years.
The inaugural officeholder was James Braid Taylor, while K J Udeshi holds the unique distinction of becoming the first female deputy governor of the Reserve Bank of India.
Currently there are four incumbent deputy governors of the Reserve Bank of India
| Officeholder | Portrait | data-sort-type="date" scope="col" | Term start | data-sort-type="date" scope="col" | Term end | Term in office | Background | Other offices held | References |
|---|---|---|---|---|---|---|---|---|---|
| 1 | James Braid Taylor | 1 April 1935 | 30 June 1937 | Civil servant | Indian Civil Service officer | [1] [2] [3] | |||
| 2 | Sikandar Hayat Khan | 1 April 1935 | 20 October 1935 | Politician | Prime Minister of Punjab | ||||
| 3 | Manilal Balabhai Nanavati | 21 December 1936 | 21 December 1941 | Freedom fighter | |||||
| 4 | C. D. Deshmukh | 22 December 1941 | 10 October 1943 | Indian Civil Service officer | Minister of Finance | ||||
| 5 | Wajahat Hussain | 16 August 1943 | 4 December 1945 | ||||||
| 6 | C.R. Trevor | 16 August 1943 | 31 December 1949 | ||||||
| 7 | M.G. Mekhri | 8 July 1946 | 7 July 1951 | ||||||
| 8 | W.T. McCallum | 15 April 1946 | 14 July 1948 | ||||||
| 9 | N. Sundaresan | 1 January 1950 | 31 December 1954 | ||||||
| 10 | Ram Nath | 8 June 1951 | 8 July 1959 | ||||||
| 11 | K. G. Ambegaonkar | 1 March 1955 | 29 February 1960 | Indian Civil Service officer | Governor of the Reserve Bank of India | ||||
| 12 | Borra Venkatappaiah | 1 July 1955 | 28 February 1962 | Career banker | Chairman of the State Bank of India | ||||
| 13 | M.V. Rangachari | 1 March 1960 | 28 February 1965 | ||||||
| 14 | Dattatreya Gopal Karve | 1 March 1962 | 29 February 1964 | Economist | Professor at Fergusson University | ||||
| 15 | C.S. Divekar | 12 November 1962 | 11 November 1965 | ||||||
| 16 | M.R. Bhide | 29 February 1964 | 25 January 1967 | ||||||
| 17 | B.K. Madan | 1 July 1964 | 31 January 1967 | Economist | Chairman of IDBI Bank | ||||
| 18 | B. N. Adarkar | 16 June 1965 | 3 May 1970 | Economist | Governor of the Reserve Bank of India | ||||
| 19 | A. Bakshi | 24 January 1967 | 8 September 1969 | ||||||
| 20 | J.J. Anjaria | 1 February 1967 | 28 February 1970 | ||||||
| 21 | P.N. Damry | 13 February 1967 | 15 March 1972 | Economist | |||||
| 22 | Rabindra Kishen Hazari | 27 November 1969 | 26 November 1977 | ||||||
| 23 | V. V. Chari | 17 November 1970 | 30 November 1975 | ||||||
| 24 | S.S. Shiralkar | 18 December 1970 | 25 July 1976 | ||||||
| 25 | R.K. Sheshadri | 26 July 1973 | 25 July 1976 | ||||||
| 26 | K.S. Krishnaswamy | 29 December 1975 | 31 March 1981 | Economist | |||||
| 27 | P.R. Nangia | 29 December 1975 | 15 February 1982 | ||||||
| 28 | J.C. Luther | 4 January 1977 | 1 June 1977 | ||||||
| 29 | M. Ramakrishnayya | 4 January 1977 | 1 June 1977 | Indian Administrative Service officer | Chairman of the National Bank for Agriculture and Rural Development | ||||
| 30 | Amitav Ghosh | 21 January 1982 | 20 January 1992 | Career banker | Governor of the Reserve Bank of India | ||||
| 31 | C. Rangarajan | 12 February 1982 | 20 August 1991 | Career banker | Governor of the Reserve Bank of India | ||||
| 32 | M.V. Hate | 12 March 1982 | 11 March 1985 | ||||||
| 33 | R.K. Kaul | 1 October 1983 | 30 September 1986 | ||||||
| 34 | P.D. Ojha | 29 April 1985 | 28 April 1990 | ||||||
| 35 | P.R. Nayak | 1 April 1987 | 31 March 1992 | ||||||
| 36 | R. Janakiraman | 1 April 1987 | 31 March 1992 | Managing director of the State Bank of India | |||||
| 37 | S.S. Tarapore | 30 January 1992 | 30 September 1996 | ||||||
| 38 | D. R. Mehta | 11 November 1992 | 21 February 1995 | Economist | Chairman of the Securities and Exchange Board of India | ||||
| 39 | S.P. Talwar | 7 November 1994 | 30 June 2001 | ||||||
| 40 | R.V. Gupta | 2 May 1995 | 30 November 1997 | ||||||
| 41 | Y. V. Reddy | 14 September 1996 | 31 July 2002 | Career banker | Governor of the Reserve Bank of India | ||||
| 42 | Jagdish Capoor | 1 January 1997 | 30 June 2001 | Career banker | Chairman of HDFC Bank | ||||
| 43 | Vepa Kamesam | 1 July 2001 | 23 December 2003 | Career banker | Managing director of the State Bank of India | ||||
| 44 | G P Muniappan | 1 July 2001 | 31 May 2003 | Career banker | Chairman of the Deposit Insurance and Credit Guarantee Corporation | ||||
| 45 | Rakesh Mohan | 9 September 2002 | 10 June 2009 | Economist | Consultant at the Planning Commission | ||||
| 46 | K J Udeshi | 10 June 2003 | 12 December 2005 | Career banker | Chairman of Bharatiya Reserve Bank Note Mudran | ||||
| 47 | V Leeladhar | 21 September 2004 | 8 December 2008 | Career banker | Chairman of Union Bank of India | ||||
| 48 | Shyamala Gopinath | 21 September 2004 | 8 December 2008 | Career banker | Chairman of HDFC Bank | ||||
| 49 | Usha Thorat | 10 November 2005 | 9 November 2010 | Career banker | |||||
| 50 | Kamalesh Chandra Chakrabarty | 15 June 2009 | 25 April 2014 | Career banker | Chairman of Bank of Baroda | ||||
| 51 | Subir Gokarn | 24 November 2009 | 31 December 2012 | Economist | Professor at Stanford University | ||||
| 52 | Anand Sinha | 19 January 2011 | 18 January 2014 | Career banker | Chairman of the Export Credit Guarantee Corporation of India | ||||
| 53 | Harun Rashid Khan | 4 July 2011 | 4 July 2016 | Career banker | Chairman of the National Bank for Agriculture and Rural Development | ||||
| 54 | Urjit Patel | 11 January 2013 | 4 September 2016 | Career banker | Governor of the Reserve Bank of India | ||||
| 55 | R Gandhi | 3 April 2014 | 2 April 2017 | Career banker | |||||
| 56 | Subhash Sheoratan Mundra | 31 July 2014 | 30 July 2017 | Career banker | |||||
| 57 | Viral Acharya | 23 January 2017 | 23 January 2019 | Career banker | |||||
| 58 | N. S. Vishwanathan | 4 July 2016 | 31 March 2020 | Career banker | |||||
| 59 | B.P. Kanungo | 3 April 2017 | 2 April 2021 | Career banker | |||||
| 60 | Mahesh Kumar Jain | 22 June 2018 | 26 June 2023 | Career banker | |||||
| 61 | Michael Patra | 15 January 2020 | Incumbent | Career banker | |||||
| 62 | M. Rajeshwar Rao | 9 October 2020 | Incumbent | Career banker | |||||
| 63 | T. Rabi Sankar | 3 May 2021 | Incumbent | Career banker | |||||
| 64 | Swaminathan Janakiraman | 26 June 2023 | Incumbent | Career banker | Managing Director of the State Bank of India |