rbi governors
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Sir Osborne Arkell Smith, (26 December 1876-30
August 1952) was the first Governor of the Reserve
Bank of India from 1 April 1935 to 30 June 1937. Smith was professional banker, and had served for 20
years with the Bank of New South Wales and 10 years
with the Commonwealth Bank of Australia.
He then came to India in 1926 as Managing Governor
of the Imperial Bank of India.
His stewardship of the Imperial Bank won him
recognition in banking circles in India.
Since his outlook on policy issues like the exchange
rates and interest rates differed with that of theGovernment, he resigned before the completion of his
term of office.
Sir Osborne, did not sign any Indian rupee notes
during his tenure
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Sir James Braid Taylor,(21 April 1891-17 February
1943)was the second Governor of the Reserve Bank of
India from 1 July 1937 until he died in office on 17February 1943.
Taylor, a member of the Indian Civil Service, served as
a Deputy Controller in the Currency Department of the
Government of India for over a decade.
He was closely associated with the preparation and
piloting of the Reserve Bank of India Bill. He governed
the bank during the war years and was involved in
decision to move from a silver currency to fiat money
Even though he was the second Governor, hissignature was the first to appear on the currency notes
of the Indian rupee.
His second term came to an end when he died in
office on 17 February 1943.
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Sir Chintman Dwraknth Deshmukh,
(14 January 1896 - October 2, 1982), better
known as C. D. Deshmukh, was the firstIndian to be appointed as the Governor of
the Reserve Bank of India in 1943 (1943-
49) by the British Raj authorities. He
subsequently served as the Finance
Minister in the Union Cabinet (1950 -1956).
Deshmukh received his education at Jesus
College, Cambridge, England in the field ofNatural Sciences. He was married to
freedom fighter and activist, Durgabai
Deshmukh.
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Sir Benegal Rama Rau,(1 July 1889 13
December 1969 was the fourth Governor of
the Reserve Bank of India from 1 July 1949to 14 January 1957.
He was educated at Presidency College,
Madras, and at Kings College, Cambridge. He was a member of the Indian Civil
Service.
While he had the longest tenure as
Governor of the RBI, it was cut short when
he resigned just before the expiry of his
second extended term, due to differences
with the then Finance Minister. (TTK)
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K. G. Ambegaokarwas the fifth Governor of the
Reserve Bank of India from 14 January 1957 to 28
February 1957.
He was a member of the Indian Civil Service, and
served as Finance Secretary before his
appointment as Deputy Governor of the RBI. He had the shortest tenure (45 days)
Ambegaonkar's signature as RBI Governor did not
appear on any Indian Rupee note, but his
signature as Finance Secretary appeared on the
second, third, and fourth Rupee notes issued after
independence.
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H. V. R. Iyengarwas the sixth Governor of the
Reserve Bank of India from 1 March 1957 to 28
February 1962.
He was a member of the Indian Civil Service,
and served as the Chairman of State Bank of
India, before his appointment as the Governorof the Reserve Bank.
During Iyengar's tenure the Indian coinage
system shifted from the earlier pies, paise, andanna system to decimal coinage.
He received Padma Vibhushan, India`s second
highest civilian honour from the Government of
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P. C. Bhattacharya was the seventh Governor of the
Reserve Bank of India from 1 March 1962 to 30 June
1967.
Unlike his predecessors he was a member of the
Indian Audits and Accounts Service (IA&AS).
Bhattacharya's tenure saw the establishment of the
Industrial Development Bank of India in 1964, theAgricultural Refinance Corporation in 1963 and the
Unit Trust of India in 1964.
Additionally the size of the Indian rupee notes of
denomination 5, 10 and 100 were reduced from theearlier large format to the size it is today. While this
was done for economic reasons, to reduce the cost of
paper and printing costs, it helped in bringing the
notes to a handy size.
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Lakshmi Kant Jha (22 November 1913 - 16 January
1988), was the eighth Governor of the RBI from 1 July
1967 to 3 May 1970.
During his tenure the Indian Rupee notes ofdenominations of 2, 5, 10, and 100, commemorating the
birth centenary of Mahatma Gandhi was released on 2
October 1969, these notes bear his signature.
His tenure also saw nationalization of 14 major commercialbanks, introduction of social controls over commercial
banks, establishment of National Credit Council, and the
introduction of Lead Bank Scheme to facilitate credit
delivery. Amongst other developments, gold controls were brought
on a statutory basis; Deposit Insurance was in principle
extended to Cooperative banks; and the setting up of the
Agricultural Credit Board.
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B. N. Adarkarwas the ninth Governor of the
RBI from 4 May 1970 to 15 June 1970
Unlike his predecessors who were from theIndian Civil Service, Adarkar was an
economist and had served in the office of the
Economic Adviser of the Government ofIndia.
He also served as India's Executive Director
at the IMF Adarkar was involved in the establishment of
the National Institute of Bank Management.
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S. Jagannathan was the tenth Governor of the RBI from 16
June 1970 to 19 May 1975
Jagannathan was a member of the Indian Civil Service, and
had served with the Central Government. Prior to becoming thGovernor of the RBI, he was India's Executive Director at the
World Bank
His achievement include an expansion of banking offices in
pursuance of the objectives of the nationalisation of privatebanks.
The Credit Guarantee Corporation of India, and State Level
Bankers' Committees were established during his tenure.
Indian rupee notes of 20 and 50 denomination were introducefor the first time in India and these bore his signature
He relinquished office to take up the post of the India's
Executive Director at the IMF
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N. C. Sen Gupta was the eleventh Governor of
the Reserve Bank of India from 19 May 1975 to
19 August 1975. He was the interim governor until K R Puri took
office.
Prior to that, he was the secretary to theDepartment of Banking of the Ministry of Financ
Even though his tenure was short, his signature
appears on the Indian rupee note of 1000
denomination.
This is the only note that bears his signature.
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K. R. Puri was the twelfth Governor of the
Reserve Bank of India from 20 August 1975 to 2
May 1977 He was the Chairman and Managing Director of
the Life Insurance Corporation of India prior to hi
appointment as Governor of the RBI.
His signature appears on one of the last Indian
rupee notes of 1000 denomination. These notes
were demonetised in 1978, and were re-
introduced after a period of 22 years in 2000
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M. Narasimham was the thirteenth Governor of the RB
from 2 May 1977 to 30 November 1977
RBI follows a policy of in house promotions, where all
staff persons are promoted internally. The only two jobs
where this is not done is for the Governor and one
Deputy Governor. In Narasimham's case, in house
promotion was upheld for the Governor's post.
Hence he was the first Reserve Bank cadre officer to b
appointed as Governor. He had joined the Bank as a
Research Officer in the Economic Department.
He later joined the Government and prior to hisappointment as Governor he served as Additional
Secretary, Department of Economic Affairs.
After his short term as RBI Governor he served as
India's Executive Director at the World Bank and later a
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DrIndraprasad Gordhanbhai Patel (11 November 1924 - 17
July 2005) popularly known as I. G. Patel, was the fourteenth
Governor of the RBI from 1 December 1977 to 15 September
1982. Patel was an economist and before joining the Reserve Bank as
Governor had served as Secretary in the Ministry of Finance
After retiring from the Reserve Bank, Patel became the Director
The London School of Economics and Political Science (1984-
1990)
His distinguished directorship saw the school's reputation excel t
being that of the finest economics school in the world,
P. V. Narasimha Rao wanted I.G. Patel as his finance minister in
1991. But Patel declined.
The Indian Rupee notes of 1000, 5000 and 10,000 denomination
and the gold auctions were demonetised during his tenure (he
later featured on a special commemorative 1000 rupee note).
However, the 1000 notes had to be reintroduced later.
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Dr. Manmohan Singh born 26 September 1932) is the 14th and
current Prime Minister of the Republic of India.
He was the Governer of RBI from 1982-85
He is the only Prime Minister since Jawaharlal Nehru to return topower after completing a full five-year term.
He is the first Sikh to hold the office. Singh is also the 7th Prime
Minister belonging to the Indian National Congress party.
Singh previously carried out economic reforms in India in 1991during his tenure as the Finance Minister, under the leadership o
P. V. Narasimha Rao, from 1991 to 1996.
These reforms resulted in the end of the Licence Raj system,
helping to open the Indian economy to greater international trade
and investment
He also looked after finance from Dec 2008 to Jan 2009
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Amitav Ghosh is an Indian banker.
He served for the 20 days from January 15 to
February 4, 1985, as the 16th governor of theReserve Bank of India.
His term was the shortest ever served by any
Reserve Bank of India governor. Previously Ghosh had been appointed RBI
deputy governor.
Before this Ghosh was the chairman of
Allahabad Bank.
He was also a Director of the IDBI Bank and wa
on the governing body of the National Institute o
Bank Management.
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R. N. Malhotra was the seventeenth governor o
the Reserve Bank of India, serving from 4
February 1985 to 22 December 1990. Malhotra was a member of the Indian
Administrative Service.
He had served as Secretary, Finance, and asIndia's Executive Director of the IMF before his
appointment as governor of the RBI.
During his tenure, the 500-rupee note was
introduced.
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S. Venkitaramanan was the eighteenth
Governor of the Reserve Bank of India from 22
December 1990 to 22 December 1992. Venkitaramanan holds a Master's degree in
Physics from the University of Kerala and also a
Master's Degree in Industrial Administration from
Carnegie Mellon University, Pittsburg, USA.
He is a member of the Indian Administrative
Service, he had served as Finance Secretary,
and adviser to the Government of Karnatakabefore his appointment as Governor of the RBI
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Dr. C. Rangarajan (born 1932) is a renowned
economist and a distinguished former Member o
Parliament and Governor of the Reserve Bank oIndia.
Currently, he is the Chairman of the Prime
Minister's Economic Advisory Council.
He is also the Chairman of the Madras School o
Economics, and the Founding Chairman of the
CR Rao Advanced Institute of Mathematics,
Statistics and Computer Science. He served as RBI governer from 1992-97
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Bimal Jalan was the Governor of Reserve Bank
of India for two terms.
The Government of India appointed Jalan asGovernor of the Reserve Bank of India, first for a
period of two years commencing November 22,
2000 to November 21, 2002 and again for a
further period of two years commencing from
November 22, 2002 and ending November 21,
2004.
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Dr. Yaga Venugopal Reddy, better known as
Y.V. Reddy, (born 17 August 1941 in Kadapa,
Andhra Pradesh) is an Indian AdministrativeService (IAS) officer of the 1964 batch who
served as Governor of the Reserve Bank of Indi
(RBI) (India's central bank) from 6 September
2003 until 5 September 2008.
In 2010, he was awarded India's second highest
civilian honour, the Padma Vibhushan.
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Duvvuri Subbarao (born 11 August 1949) is a
1972 batch Indian Administrative Service (IAS)officer of Andhra Pradesh cadre.
On 5 September 2008, he was appointed the
twenty-second Governor of Reserve Bank of
India