| Governor | Term | Description |
|---|---|---|
| Osborne Smith | 1935–1937 | The first Governor of the Reserve Bank of India, he played a crucial role in setting up the institution and its initial policies. |
| James Braid Taylor | 1937–1943 | Taylor focused on stabilizing the Indian rupee and implementing monetary policies to support economic development. |
| C. D. Deshmukh | 1943–1949 | Deshmukh navigated the Reserve Bank through the challenges of World War II and post-war reconstruction efforts. |
| Benegal Rama Rau | 1949–1957 | Rama Rau’s tenure saw the establishment of the Planning Commission and significant changes in monetary policy. |
| K. G. Ambegaonkar | 1957–1957 | Served as the Governor of the Reserve Bank for a brief period. |
| H. V. R. Iyengar | 1957–1962 | Iyengar focused on modernizing the banking system and enhancing the role of the Reserve Bank in economic planning. |
| P. C. Bhattacharya | 1962–1967 | Bhattacharya’s tenure saw the nationalization of major banks and the expansion of banking services in rural areas. |
| L. K. Jha | 1967–1970 | Jha emphasized the importance of monetary stability and effective regulation of the financial sector. |
| B. N. Adarkar | 1970–1970 | Adarkar served as the acting Governor for a brief period. |
| S. Jagannathan | 1970–1975 | Jagannathan focused on managing inflation and stabilizing the economy amidst global economic challenges. |
| N. C. Sen Gupta | 1975–1975 | Sen Gupta served as the acting Governor for a brief period. |
| K. R. Puri | 1975–1977 | Puri’s tenure witnessed significant changes in monetary policy and banking regulations. |
| M. Narasimham | 1977–1977 | Narasimham served as the acting Governor for a brief period. |
| I. G. Patel | 1977–1982 | Patel focused on strengthening banking regulations and promoting financial stability. |
| Manmohan Singh | 1982–1985 | Singh played a crucial role in liberalizing India’s economy and implementing financial reforms. |
| Amitav Ghosh | 1985–1985 | Ghosh served as the acting Governor for a brief period. |
| R. N. Malhotra | 1985–1990 | Malhotra introduced significant reforms in the banking sector and emphasized the role of technology in banking operations. |
| S. Venkitaramanan | 1990–1992 | Venkitaramanan focused on maintaining exchange rate stability and promoting financial sector reforms. |
| C. Rangarajan | 1992–1997 | Rangarajan’s tenure saw the initiation of economic liberalization measures and efforts to strengthen the banking system. |
| Bimal Jalan | 1997–2003 | Jalan focused on inflation targeting and implementing monetary policies to support economic growth. |
| Y. V. Reddy | 2003–2008 | Reddy emphasized financial inclusion and stability, contributing to India’s robust economic growth during his tenure. |
| D. Subbarao | 2008–2013 | Subbarao’s tenure was marked by efforts to manage the global financial crisis and contain inflationary pressures. |
| Raghuram Rajan | 2013–2016 | Rajan focused on restoring macroeconomic stability, strengthening banking regulations, and promoting financial inclusion. |
| Urjit Patel | 2016–2018 | Patel prioritized monetary policy transparency and accountability, implementing measures to address non-performing assets. |
| Shaktikanta Das | 2018–present | Das has focused on maintaining price stability, supporting economic growth, and enhancing regulatory frameworks in banking. |
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