Anand Sinha | |
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Deputy Governor of Reserve Bank of India | |
In office 19 January 2011 –18 January 2014 | |
Governor | Duvvuri Subbarao Raghuram Rajan |
Preceded by | Usha Thorat |
Succeeded by | R Gandhi |
Personal details | |
Born | India |
Nationality | Indian |
Education | Indian Institute of Technology Delhi,IIT Delhi |
Occupation | Banker |
Known for | Deputy Governor of Reserve Bank of India |
Anand Sinha served as a deputy governor of the Reserve Bank of India,looking after Urban Banking,Risk Monitoring,Banking Operations &Development,Non-Banking Supervision,Expenditure &Budgetary Control and Information Technology.
Anand Sinha studied physics at the undergraduate level. He obtained his master's degree in physics from the Indian Institute of Technology,New Delhi.
He was a member of the CGFS Working Group on Capital Flows to Emerging Market Economies. He represented India on the G20 Working Group on "Enhancing Sound Regulation and Strengthening Transparency" set up in the aftermath of the Global Financial Crisis. [1]
Shri Sinha served as director of Export Credit Guarantee Corporation of India Limited since 27 February 2006. He served as the Reserve Bank's nominee director on the boards of Dena Bank,Allahabad Bank,Bank of Baroda,Indian Overseas Bank,Deposit Insurance and Credit Guarantee Corporation and Export Credit and Guarantee Corporation at different phases of his career. [2]
On 19 January 2011,Anand Sinha was appointed as deputy governor of RBI for a period of two years. [3] His appointed was extended for a further period of 11 months till 18 January 2014. This extension was given to Sinha to smoothen the process of issue of new bank licences,an area being handled by him as the deputy governor in charge of Banking Operations and Development. [4] The extension to Sinha,given on Governor Subbarao's recommendation to the Government, [5] came as a surprise,as two other Executive Directors of RBI,G. Gopalakrishna and R. Gandhi were in the race for the post of deputy governor when Sinha's original tenure came to an end. [6] This was the first time in recent years that a DG of RBI continued in office beyond the age of 62. [7]
The Reserve Bank of India (RBI) is India's central bank and regulatory body under the jurisdiction of Ministry of Finance,Government of India. It is responsible for the issue and supply of the Indian rupee and the regulation of the Indian banking system. It also manages the country's main payment systems and works to promote its economic development. Bharatiya Reserve Bank Note Mudran is one of the specialised divisions of RBI through which it mints Indian bank notes and coins. RBI established the National Payments Corporation of India as one of its specialised division to regulate the payment and settlement systems in India. Deposit Insurance and Credit Guarantee Corporation was established by RBI as one of its specialised division for the purpose of providing insurance of deposits and guaranteeing of credit facilities to all Indian banks.
Bhaskar Namdeo Adarkar was the ninth Governor of the Reserve Bank of India from 4 May 1970 to 15 June 1970. His term was the second-shortest after Amitav Ghosh who had served for only 20 days. His term was short since he was filling in as interim before S. Jaganathan took over.
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Palai Central Bank was a commercial bank headquartered in Kerala,South India that functioned during the middle of last century. Although it was started in a small,remote city,the bank grew up to become not only the biggest bank but the biggest institution in Kerala,after the state government,and the 17th largest among the 94 scheduled banks in India. The Kerala High Court in 1960 ordered the liquidation of Palai Central Bank on a petition from the Reserve Bank of India.
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Subir Vithal Gokarn was one of the four Deputy Governors of the Reserve Bank of India along with Anand Sinha,K.C. Chakrabarty and H.R.Khan. He was replaced by Urjit Patel in January 2013.
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Pradeep Kumar Sinha is a 1977 batch Indian Administrative Service (IAS) officer of the Uttar Pradesh cadre,who was the 31st Cabinet Secretary of India. Prior to this appointment he served as the Power Secretary of India,and was the Shipping Secretary of India before that.
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