How Is RBI Governor Chosen?

What is the qualification required for RBI Governor?

There are no fixed eligibility criteria for appointment of a person as the RBI governor.

According to the RBI Act, appointment of governor is approved by the PMO on the recommendation of the finance minister..

What is RBI governor salary?

Kanungo, whose term was to end on April 2, had taken charge as a deputy governor in April 2017. The deputy governor appointments are made for an initial period of three years and the person is eligible for reappointment. The deputy governor gets a fixed salary of Rs 2.25 lakh per month plus allowances.

Who appoints governor and deputy governor of RBI?

Kanungo, Mahesh Kumar Jain, M. Rajeshwar Rao, and Michael Patra. Two of the four deputy governors are traditionally from RBI ranks and are selected from the bank’s executive directors. One is nominated from among the chairpersons of public sector banks and the other is an economist.

What are qualification of a governor?

be at least 35 years of age. not be a member of the either house of the parliament or house of the state legislature. not hold any office of profit. not be a resident of the same state.

Who is India’s Governor 2020?

GovernorsStateGovernorKarnatakaShri Vajubhai ValaKeralaShri Arif Mohammed KhanMadhya PradeshSmt. Anandiben PatelMaharashtraShri Bhagat Singh Koshyari24 more rows•Oct 12, 2020

What is the retirement age of RBI Governor?

62What is the retirement age of RBI Governor? For both Governors and Deputy Governors, the tenure of service is maximum of 5 years or till the age of 62 whichever is earlier.

Who appointed RBI Governor?

Das was appointed Governor of the Reserve Bank of India by the ACC on 11 December 2018 for a period of three years, replacing Urjit Patel who had resigned the day before.

What is the salary of Raghuram Rajan?

1.69 lakh per monthInterestingly, Rajan’s salary during his tenure was Rs 1.69 lakh per month, which means that the RBI spent more on transporting his household goods (Rs 71 lakh) than what they paid him as salary for the entire three years (Rs 61.2 lakh approximately).

Who is the youngest RBI Governor of India?

Subir GokarnSubir Gokarn (1959-2019): One of the youngest RBI Dy Governors, whose term coincided with 2008 global crisis.