K. G. Ambegaonkar

Last updated

Krishnanath Ganesh Ambegaonkar (born 12 August 1902), known as K. G. Ambegaokar was the fifth Governor of the Reserve Bank of India from 14 January 1957 to 28 February 1957.

Education

Educated at Bombay University (BA) and University College, London, Ambegaonkar joined the Indian Civil Service in 1926, and served in various posts in the Central Provinces. He was Joint Controller of Imports from 1943 to 1944, Joint Secretary, Finance Department from 1944 to 1947, Additional Secretary, Ministry of Finance from 1948 to 1949, Secretary, Department of Economic Affairs, 1950-54. He was serving as Finance Secretary before his appointment as Deputy Governor of the RBI. [1] On the resignation of B Rama Rau he took over as the Governor. His tenure was the third-shortest (45 days) after B. N. Adarkar (42) and Amitav Ghosh (20). [1] Compared to the latter two Governors Ambegaonkar's signature as RBI Governor does not appear on any Indian Rupee note, [1] but his signature as Finance Secretary appeared on the second, third, and fourth Rupee one notes issued after independence. [2]

Related Research Articles

<span class="mw-page-title-main">Reserve Bank of India</span> Central Bank of India

The Reserve Bank of India is India's central bank and regulatory body responsible for regulation of the Indian banking system. Owned by the Ministry of Finance of the Government of the Republic of India, it is responsible for the control, issue and maintaining supply of the Indian rupee. It also manages the country's main payment systems and works to promote its economic development.

<span class="mw-page-title-main">Indian rupee</span> Official currency of the Republic of India

The Indian rupee is the official currency in the Republic of India. The rupee is subdivided into 100 paise. The issuance of the currency is controlled by the Reserve Bank of India. The Reserve Bank manages currency in India and derives its role in currency management based on the Reserve Bank of India Act, 1934.

<span class="mw-page-title-main">Pakistani rupee</span> Currency of the Islamic Republic of Pakistan

The Pakistani rupee is the official currency in the Islamic Republic of Pakistan. The issuance of the currency is controlled by the State Bank of Pakistan. It was officially adopted by the Government of Pakistan in 1949. Earlier the coins and notes were issued and controlled by the Reserve Bank of India until 1949, when it was handed over to the Government and State Bank of Pakistan, by the Government and Reserve Bank of India.

<span class="mw-page-title-main">James Braid Taylor</span> Indian central banker

Sir James Braid Taylor, KCIE was the second Governor of the Reserve Bank of India, holding office from 1 July 1937 until his death on 17 February 1943. He succeeded Sir Osborne Smith who was the Governor from 1 April 1935 to 30 June 1937. He was appointed a CIE in the 1933 New Year Honours List, knighted in the 1935 Silver Jubilee and Birthday Honours List and further appointed a KCIE in the 1939 Birthday Honours List.

<span class="mw-page-title-main">Benegal Rama Rau</span> Indian banker and judge, 4th Governor of the Reserve Bank of India

Sir Benegal Rama Rau CIE, ICS was the fourth Governor of the Reserve Bank of India from 1 July 1949 to 14 January 1957.

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.

Sri Venkitaramanan was an Indian civil servant and economist who served as the 18th governor of the Reserve Bank of India between 1990 and 1992, where he oversaw India's actions to tide over the balance of payments crisis. His actions were noted to have helped the country out of the crisis when its foreign-exchange reserves had almost depleted and helped usher in the country's economic liberalisation programme in the early 1990s.

<span class="mw-page-title-main">R. N. Malhotra</span> Indian banker (1926–1997)

Ram Narain Malhotra popularly known as R. N. Malhotra was the seventeenth governor of the Reserve Bank of India (RBI), serving from 4 February 1985 to 22 December 1990.

K. R. Puri born in Kharkhoda, Haryana was 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 his appointment as Governor of the RBI.

Paresh Chandra Bhattacharya OBE 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). He was appointed an Officer of the Order of the British Empire (OBE) in the 1946 New Year Honours. He served as Secretary in the Finance Ministry and later as Chairman of State Bank of India before his appointment as the Governor.

<span class="mw-page-title-main">C. D. Deshmukh</span> Indian politician

Sir Chintaman Dwarakanath DeshmukhICS was an Indian civil servant and the first Indian to be appointed the Governor of the Reserve Bank of India in 1943 by the British Raj authorities. He subsequently served as the Finance Minister in the Union Cabinet (1950–1956). It was during this time that he also became a founding member of the Governing Body of NCAER, the National Council of Applied Economic Research in New Delhi, India's first independent economic policy institute established in 1956 at the behest of Prime Minister Jawaharlal Nehru. After resignation from Union Cabinet he worked as Chairman of UGC (1956–1961). He served as Vice-Chancellor of University of Delhi (1962–67). He was also President of Indian Statistical Institute from 1945 to 1964, Honorary Chairman of National Book Trust (1957–60).

Lakshmi Kant Singh, MBE, born in Darbhanga district, Bihar was the eighth Governor of the Reserve Bank of India from 1 July 1967 to 3 May 1970.

<span class="mw-page-title-main">Duvvuri Subbarao</span> Indian economist

Duvvuri Subbarao is an Indian economist, Central Banker, and retired IAS officer. He was the 22nd Governor of Reserve Bank of India, served under Prime Minister Dr. Manmohan Singh. After stepping down from RBI, he was a Distinguished Visiting Fellow first at the National University of Singapore and later at the University of Pennsylvania.

Nirmal Chandra Sen Gupta was the eleventh Governor of the Reserve Bank of India from 19 May 1975 to 19 August 1975.

<span class="mw-page-title-main">Y. V. Reddy</span> Former governor of Indias central bank

Yaga Venugopal Reddy is an Indian economist and a retired Indian Administrative Service (IAS) officer of the 1964 batch belonging to Andhra Pradesh cadre. Reddy served as governor of the Reserve Bank of India (RBI), India's central bank, from September 2003 until September 2008.

<span class="mw-page-title-main">Indian 20-rupee note</span> Denomination of the Indian rupee

The Indian 20-rupee banknote is a common denomination of the Indian rupee. The current ₹20 banknote in circulation is a part of the Mahatma Gandhi New Series. The Reserve Bank introduced the ₹20 note in the Mahatma Gandhi New Series in 2019, making it the last denomination to be introduced in the series.

<span class="mw-page-title-main">Indian 200-rupee note</span> Denomination of the Indian rupee

The Indian 200-rupee note (₹200) is a denomination of the Indian rupee. After the 2016 Indian banknote demonetisation, the new currency notes were announced by the Reserve Bank of India: ₹2,000, ₹500, ₹200, ₹100, ₹50, ₹20 and ₹10.

<span class="mw-page-title-main">Indian 1-rupee note</span> Smallest value Indian banknote

The Indian 1-rupee note (₹1) is made up of hundred 100 paise as ₹1 = 100 paise. Currently, it is the smallest Indian banknote in circulation and the only one being issued by the Government of India, as all other banknotes in circulation are issued by the Reserve Bank of India. As a result, the one rupee note is the only note bearing the signature of the Finance Secretary and not the Governor of the RBI. Predominantly pinkish green paper is used during printing.

<span class="mw-page-title-main">Shaktikanta Das</span> Ex-Governor of the Reserve Bank of India (RBI)

Shaktikanta Das is an Indian Bureaucrat official who served as the 25th governor of the Reserve Bank of India (RBI). He was earlier a member of the Fifteenth Finance Commission and India's Sherpa to the G20. Das is a retired 1980 batch Indian Administrative Service (IAS) officer of Tamil Nadu cadre.

References

  1. 1 2 3 "List of Governors". Reserve Bank of India. Archived from the original on 16 September 2008. Retrieved 8 December 2006.
  2. ↑ Jain, Manik (2009). Indian Paper Money Guide Book 2009. Kolkata: Philatelia. pp. 125, and 126.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.