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Raghuram Rajan Appointed Next RBI Governor

August 7th, 2013

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  • On 6th August, 2013, Raghuram Govind Rajan was appointed as the next (23rd) Governor of the Reserve Bank of India (RBI) for three years.
  • He will take over from Dr. D Subbarao, whose five year term completes on September 4, 2013.
  • Rajan, a former chief economist at the International Monetary Fund, will be 50 years and six months old when he takes over as the 23rd Governor on September 5.
  • The distinction of being the youngest Indian Governor of the RBI lies with Sir C D Deshmukh, a civil servant who took over the office at the age of 47 in 1943.
  • He will be the first non-civil servant in 10 years to steer the RBI.
  • The previous non-IAS RBI Governor was Bimal Jalan, who had an almost six-year stint that ended in 2003.

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