The government appointed Michael Debaprata Patra as the deputy governor of the Reserve Bank of India (RBI) on Tuesday. Patra will serve as the deputy governor for three years from the time of his appointment.The appointment of Patra, who is currently an executive director at the central bank, comes nearly six months after former deputy governor Viral Acharya’s resignation. … Michael Debabrata Patra has been appointed for three years, according to a statement by the Appointments Committee of the Cabinet. Patra replaced Acharya, who left office on July 23.Patra will take over as the fourth Deputy Governor at the Reserve Bank of India. He will likely take over the monetary policy portfolio handled by Acharya. He will also be in the all important monetary Policy Committee that takes decisions on the rate of interest.