Michael Patra

Michael Debabrata Patra (born 29 September 1960) is an Indian economist and central banker who served as the Deputy Governor of the Reserve Bank of India from 2020 to 2025. As a central banker he has spent most of his career at RBI.

Education Born in Cuttack, Odisha, into an Odia Christian family, Michael Debebrata Patra did his graduation from the Ravenshaw College and post graduation from Utkal University. Patra has a PhD in economics from the Indian Institute of Technology Bombay in Mumbai, with his thesis being titled "The Role of Invisibles in India's Balance of Payments: A Structural Approach". Patra proceeded to do post-doctoral research on financial stability at Harvard University as a fellow. —for a period of threeyears, succeeding Viral Acharya, who had resigned in July 2019. With his appointment as deputy governor, Patra became the second RBI career economist to be elevated to the position. and was assigned to look after RBI's monetary policy department, financial markets operations department, financial markets regulation department, international department, department of economic and policy research, department of statistics and information management, corporate strategy and budget department and financial stability unit. As the deputy governor in charge of the monetary policy department, Patra became an ex-officio member of the Monetary Policy Committee and served there till 14 January 2025.

Work