Michael Debabrata Patra is an economist and has been a career central banker for four decades. He has also worked in the International Monetary Fund as Senior Advisor during 2008-12. As Deputy Governor of the RBI during 2020-2025, he has been responsible for monetary policy, financial markets, financial stability, economic and policy research, statistics and information management, international relations and corporate strategy, besides overall coordination. He is also a founder member of the monetary policy committee of the RBI, which is entrusted with monetary policy decision-making in India. Educated at Utkal University, Bhubaneshwar, the Indian Institute of Technology, Mumbai, and Harvard University, USA, he has served in leadership roles in a number of organisations, including chairman of the board of directors of the Deposit Insurance and Credit Guarantee Corporation and member of the boards of directors of the National Bank for Agriculture and Rural Development and the Exim Bank. He has also served in board-level positions at a number of academic institutions, such as the Indira Gandhi Institute of Development Research, Mumbai; the Centre for Advanced Financial Research and Learning, Mumbai; the National Institute of Bank Management, Pune; the Indian Institute of Bank Management (chairman of the governing board), Guwahati; and the Bankers Institute of Rural Development, Lucknow.
