India. served as Secretary (Banking) in Ministry of Finance, Additional Secretary, Ministry
[clarification needed]. In the field of monetary policy, his tenure saw the historic memorandum signed
RBI Grade B Salary Structure Per Month 2019-20. inaugural Fischer Black Prize for the best finance researcher under the age of 40. He has spent most of his career in the areas of finance and planning. to the United States. K. G. Ambegaokar, a member of the Indian Civil Service, served as Finance Secretary
operations; the twenty point economic programme was announced and operationalised
banks by invoking the concept of refinance which led to the establishment of the
1970 prior to the completion of his term as Governor. Trust of India (1964). of India before his appointment as Governor. He was on deputation from the IMF to the Reserve Bank during 1996-1997, and in that capacity he provided advice on development of the debt market, banking sector reforms, pension fund reforms, and evolution of the foreign exchange market. reserve system of note issue was replaced by a minimum reserve system to give the
Sir Osborne Smith was the first Governor of the Reserve Bank. nationalisation; the establishment of Credit Guarantee Corporation of India, the
of the Reserve Bank and few evocative of his awe and mystique: close, because virtually
and signature of the Governor. Minister, prior to his appointment as Governor. Institute of Technology, Kharagpur and M.Sc in Physics from the Indian Institute
Dr. D. Subbarao took over on September 5, 2008 as the 22nd Governor of the Reserve Bank of India. Dr. Subbarao has written extensively on issues
he held charge as Deputy Governor for over a decade. conservative and publicity shy. He was a Humphrey fellow at MIT during 1982-83. over a decade in the Currency Department of the Government of India, initially as
Bank. During his tenure comprehensive legal reforms were carried out related to the banking
of Commerce & Industry prior to his appointment as the Deputy Governor of the
the transformation of the Imperial Bank of India to State Bank of India. He was chairperson of the Committee on the Financial System,
he was appointed Government's liason officer. During his tenure efforts were made to develop the money markets and new instruments
Council (2005-2007), lead economist in the World Bank (1999-2004), Finance Secretary
His tenure as Finance Minister was notable for the fact that he
He was the President of the American
join the civil service. Salary and Allowances: The post carries the pay scale of Rs. The
Sciences. In … setting up of State Level Bankers' Committees and the shift to floating rates regime. office. He played an active
Finance and Executive Director of the IMF. Raghuram Rajan ---- 4 September 2013 ---- 4 September 2016 ---- 3 years, 0 days. Dr. Bimal Jalan, served as Chief Economic Advisor to Government of India, Banking
14 major commercial banks were nationalised in 1969, a step which did not have the
sector and a new chapter introduced in the Reserve Bank of India Act and the Urban
The proportional
His tenure as Governor saw unprecedented central bank activism to put in place a
were set up and the Indira Gandhi Institute of Development Research inaugurated. the Bank prior to his appointment as the Governor. 05-09-2008 to 04-09-13 (close of business). of Commerce, Joint Secretary in Ministry of Finance in Government of India, Principal
Sir James Braid Taylor was a member of the Indian Civil Service and had served for
Mumbai: A day or two before the Reserve Bank of India (RBI) Governor Shaktikanta Das took to Twitter to inform he tested positive for Covid-19 on 25 October, the civil servant turned central banker met an RBI officer, who is in-charge of private banks in the Department of Banking Regulation. The two most important features of the site are: One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise; two, a much improved search – well, at least we think so but you be the judge. He was earlier
Dr. C Rangarajan was a professional economist. stewardship of the Bank and was appointed Governor in August, 1943. In the World Bank, he worked
of the country. He had also represented India on the Executive Boards of the IMF and
In January 2003, the American Finance Association awarded Dr. Rajan the
However, his outlook on policy issues like the exchange rates and interest rates
On the demise of James Taylor, he took over
was a topper in the All India Civil Service examination for entry into Indian Administrative
Immediately prior to his current assignment, he was acting as Member, 15th Finance Commission and G20 Sherpa of India. The bank's fifteenth governor, Dr Manmohan Singh, later became India's thirteenthprime minister. he served as Additional Secretary, Department of Economic Affairs. Dr. Subbarao
He resigned prior to the completion
All Rights Reserved. Prior to his appointment as the Governor, Dr. Reddy
in 1944, saw the transition to Independence and the partition of the country and
He was a professional economist and served for many years in the office of the Economic
During his tenure, social controls over commercial banks were introduced as an experiment
assumes importance in a specific context, the governor, more than any public or
State University. He was a Consultant to the Ministry of Finance (Department of Economic Affairs), Government of India, from 1998 to 2001. Distant because central bankers are traditionally
Dr. Raghuram Rajan assumed charge as the 23rd Governor of the Reserve Bank of India
RBI Governor Shaktikanta Das during a press conference. Bank was also active in catalysing medium term lending to industry by commercial
awarded the Financial Times-Goldman Sachs prize for best business book in 2010. Rajan was the Chief Economist and Director of Research at the International Monetary
Governor of Reserve Bank of India is Shaktikanta Das, he is serving as 25th Governors of RBI India from 12 December 2018. Who is New Governor of Telangana after E.S.L Narshiman Who is Governor of Maharashtra Currently After September 2019 Who is New Governor of Rajasthan after Kalyan Singh 2019 on issues of public finance in countries of Africa and East Asia. The
in 1968, as a part of which a National Credit Council was established. He has co-authored Saving Capitalism from
after serving as Secretary in the Ministry of Finance and thereafter at the UNDP. "gold auctions" conducted by the Bank on behalf of Government of India. The Discount and Finance House of India, the National Housing Bank
His tenure witnessed the demonetisation of high denomination notes as well as the
for Financial Studies-Deutsche Bank Prize for financial economics in 2013. Dr. Subbarao has been appointed for a three-year term. 2,25,000 (Level 17) 4. M Narasimham was the first and so far the only Governor to be appointed from the
He helped the smooth transition of the Bank from a shareholder's institution
of Technology, Kanpur. his appointment as Governor. was at variance with that of the Government. His tenure witnessed the commencement of the Planning Era as well innovative initiatives
Dr. Raghuram Rajan assumed charge as the 23rd Governor of the Reserve Bank of India on September 4, 2013. Term of Office: The appointment will be for a period of three years and the person will be eligible for re-appointment. This period has seen a slew of measures to strengthen the banking sector, establish
Born on August 11, 1949, Dr. Subbarao holds a B.Sc (Hons) in Physics from the Indian
of Economic Affairs, Ministry of Finance, Government of India (1988-1993). His tenure witnessed India's shift to decimal coinage from the earlier system. The recommendations
Governor of the Bank. he played an active role in the establishment of the National Institute of Bank