M. Narasimham

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Maidavolu Narasimham
13th Governor of Reserve Bank of India
In office
02 May 1977 – 30 November 1977
Preceded byK. R. Puri
Succeeded byI. G. Patel
Personal details
Born1927
Guntur, India
NationalityIndian

Maidavolu Narasimham (born 1927) was the thirteenth governor of the Reserve Bank of India (RBI) from 2 May 1977 to 30 November 1977.[1] He hails from Mydavolu village of Guntur District in Andhra Pradesh.

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 even for the governor's post. Hence he was the first Reserve Bank cadre officer to be appointed as governor. He had joined the bank as a research officer in the Economic Department. He later joined the government, and prior to his appointment as governor he served as additional secretary of the Department of Economic Affairs.[1]

After his short term as RBI governor, he served as India's executive director at the World Bank and later at the International Monetary Fund. Narasimham also served as secretary in the Ministry of Finance. He was awarded Padma Vibhushan award in 2000.

References[edit]

  1. ^ a b "M Narasimham". Reserve Bank of India. Archived from the original on 16 September 2008. Retrieved 2008-09-15.