S. Venkitaramanan
S Venkitaramanan | |
|---|---|
| 18th Governor of Reserve Bank of India | |
| In office 22 December 1990 – 21 December 1992 | |
| Preceded by | R. N. Malhotra |
| Succeeded by | C. Rangarajan |
| Personal details | |
| Born | 28 January 1931[1] Nagercoil, (present-day Kanyakumari District) |
| Nationality | Indian |
| Alma mater | Government Model Boys Higher Secondary School Attingal, University College Thiruvananthapuram, Carnegie Mellon University |
S Venkitaramanan was the eighteenth Governor of the Reserve Bank of India. He served for a period of 2 years, from 1990 to 1992.[2] Earlier, he served as Finance Secretary in the Ministry of Finance, from 1985 to 1989.[3]
Venkitaramanan is seen by many as a brilliant crisis manager of the balance of payments crisis in India in the late 1980s and early 1990s.[4][5] His timely and decisive action laid the ground work for India salvaging the crisis, at a time when India's foreign-exchange reserves had almost depleted.[4][5]
Early life and background
Venkitaramanan was born in Nagercoil,[6] in present-day Kanyakumari District of Tamilnadu, to a Tamil Iyer family.[6]
He completed his master's degree in Physics from University College Thiruvananthapuram, Kerala[7] and also earned a master's degree in Industrial Administration from Carnegie Mellon University, Pittsburg, USA.[8]
IAS
Venkitaramanan was a member of the Indian Administrative Service.[9] He was posted with the Government of India and with the state of Tamilnadu at various times. He also served the Government of Karnataka as adviser.[10]
Finance Secretary
He served as Finance Secretary in the Ministry of Finance, Government of India for a period of four years from 1985 to 1989.[8]
Governor of Reserve Bank
Venkitaramanan served as Governor of the Reserve Bank of India from 22 December 1990 to 21 December 1992.[11] At the time of his appointment as RBI Governor, India was in the midst of a balance of payments crisis, with fast-depleting foreign exchange reserves.[11] His decisive actions helped India tide over the crisis.[5][4][11]
Later Years
After retirement, Venkitaramanan served as the Chairman of Ashok Leyland Investment Services Ltd., New Tirupur Area Development Corporation Ltd. and Ashok Leyland Finance Ltd.[8] He also served in the boards of Reliance Industries Limited, SPIC, Piramal Healthcare Ltd, Tamil Nadu Water Investment Co. Ltd and Housing Development Finance Corp. Ltd.[8]
Published Books
Venkitaramanan has published three books, Indian Economy: Reviews And Commentaries - Vol I, Indian Economy: Reviews And Commentaries - Vol II, and Indian Economy: Reviews And Commentaries - Vol III.
His daughter Girija Vaidyanathan — a 1981, Tamil Nadu cadre Indian Administrative Service officer — is the current Chief Secretary of Tamil Nadu.[12]
References
- ^ [1][dead link]
- ^ "List of Governors". Reserve Bank of India. Retrieved 8 December 2006.
- ^ "S Venkitaramanan". indian-coins.com.
- ^ a b c Balakrishnan, Pulapre (23 August 2016). "Looking for some change, Governor" – via www.thehindu.com.
- ^ a b c "In fact: RBI head and crisis manager during 1991 BOP turmoil". 5 April 2017.
- ^ a b "AIADMK's pick of no-nonsense Girija Vaidhyanathan as Chief Secretary surprises many". 22 December 2016.
- ^ "Archived copy". Archived from the original on 2 May 2014. Retrieved 2 May 2014.
{{cite web}}: CS1 maint: archived copy as title (link) - ^ a b c d "Bloomberg - Are you a robot?". www.bloomberg.com.
{{cite web}}: Cite uses generic title (help) - ^ "SUPREMO". supremo.nic.in. Retrieved 24 December 2016.
- ^ "Urjit Patel resigns: From Osborne Smith to Shaktikanta Das, here's a list of the men who have held the top post at Mint Street". Moneycontrol.
- ^ a b c "Reserve Bank of India - Governors". Rbi.org.in. Retrieved 20 March 2019.
- ^ "5 things you need to know about new Chief Secretary of Tamil Nadu Girija Vaidyanathan | Latest News & Updates at Daily News & Analysis". dna. 22 December 2016. Retrieved 24 December 2016.
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