The correct answer is Urjit Patel. The new Governor of the Reserve Bank of India was Urjit Patel at that time. The new Governor of the Reserve Bank of India is Shri Shaktikanta Das. The Reserve Bank of India was established on April 1, 1935. It was done in accordance with the provisions of the Reserve Bank of India Act, 1934. The Central Office of the Reserve Bank was initially established in Kolkata but was permanently moved to Mumbai in 1937. The Central Office is where the Governor sits and where policies are formulated. Though originally privately owned, since nationalization in 1949, the Reserve Bank is fully owned by the Government of India. Additional InformationRBI was established on the suggestions of the œRoyal Commission on Indian Currency & Finance in 1926. This commission was also known as Hilton Young Commission.