In April 2025, who was appointed as the new Deputy Governor of the Reserve Bank of India (RBI)?

Correct option is D

The correct answer is (d) Poonam Gupta.

• In April 2025, Poonam Gupta was appointed as the new Deputy Governor of the Reserve Bank of India (RBI). She became the first woman to hold this position.

• Poonam Gupta is known for her expertise in economics and has held significant positions in various economic advisory roles.

• Her appointment marks a significant step in promoting gender diversity within India’s central banking system.

Information Booster:

• Raghuram Rajan served as the Governor of RBI (2013–2016), but he did not hold the position of Deputy Governor in 2025.

• Urjit Patel was the RBI Governor from 2016–2018 and resigned before the end of his term.

• Michael Patra served as an Executive Director at RBI, but he was not appointed Deputy Governor in April 2025.

History and Facts about the Reserve Bank of India (RBI):

• Established: In 1935 under the Reserve Bank of India Act, 1934, initially headquartered in Calcutta (now Kolkata), moved to Mumbai in 1937.

• Primary Role: RBI is India's central bank, responsible for managing the country's monetary policy, issuing currency, regulating the banking sector, and ensuring financial stability.

• Monetary Policy: RBI controls inflation and stabilizes the currency through interest rates, reserve ratios, and open market operations.

• Currency Issuance: It has the sole authority to issue currency notes, except for one-rupee notes and coins issued by the Ministry of Finance.

• Governance: The RBI is led by a Governor, with four Deputy Governors overseeing various functions like monetary policy, financial markets, and currency management.

• Key Milestone: In 1991, RBI played a crucial role in India's economic liberalization and opening up of the economy.

• Digital Banking: RBI is a key player in advancing financial inclusion through initiatives like Pradhan Mantri Jan Dhan Yojana and promoting digital banking in India.