1 Sir Osborne Smith 1 April 1935 – 30 June 1937
2 Sir James Braid Taylor 1 July 1937 – 17 February 1943
3 Sir C. D. Deshmukh 11 August 1943 – 30 June 1949
4 Sir Benegal Rama Rau 1 July 1949 – 14 January 1957
5 K. G. Ambegaonkar 14 January 1957 – 28 February 1957
6 H. V. R. Iyengar 1 March 1957 – 28 February 1962
7 P. C. Bhattacharya 1 March 1962 – 30 June 1967
8 L. K. Jha 1 July 1967 – 3 May 1970
9 B. N. Adarkar 4 May 1970 – 15 June 1970
10 S. Jagannathan 16 June 1970 – 19 May 1975
11 N. C. Sen Gupta 19 May 1975 – 19 August 1975
12 K. R. Puri 20 August 1975 – 2 May 1977
13 M. Narasimham 2 May 1977 – 30 November 1977
14 Dr. I. G. Patel 1 December 1977 – 15 September 1982
15 Dr. Manmohan Singh 16 September 1982 – 14 January 1985
16 A. Ghosh 15 January 1985 – 4 February 1985
17 R. N. Malhotra 4 February 1985 – 22 December 1990
18 S. Venkitaramanan 22 December 1990 – 21 December 1992
19 Dr. C. Rangarajan 22 December 1992 – 21 November 1997
20 Dr. Bimal Jalan 22 November 1997 – 6 September 2003
21 Dr. Y. Venugopal Reddy 6 September 2003 – 5 September 2008
22 Dr. Duvvuri Subbarao 5 September 2008 – 4 September 2013
23 Dr. Raghuram G. Rajan 4 Sepatember—