India extends central bank deputy governor Patra’s tenure by one year

By Nikunj Ohri and Sarita Chaganti Singh

NEW DELHI (Reuters) – India has extended the tenure of central bank deputy governor Michael Patra by a year to the beginning of 2025, according to a government document seen by Reuters.

Patra is a career central banker, and was first appointed as deputy governor of the Reserve Bank of India in January 2020 for a three-year term. He handles the crucial monetary policy and economic research departments, among others, and is also a member of India’s monetary policy committee.

(Reporting by Nikunj Ohri and Sarita Changanti Singh in New Delhi; Editing by Andrew Heavens)