S. Jagannathan
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S. Jagannathan was the tenth Governor of the Reserve Bank of India from 16 June 1970 to 19 May 1975.
Jagannathan was a member of the Indian Civil Service, and had served with the Central Government. Prior to becoming the Governor of the RBI, he was India’s Executive Director at the World Bank. [1]
The oil shock of the 1970s was relected by a very active monetary policy during his tenure. Other achievement include an expansion of banking offices in pursuance of the objectives of the nationalisation of private banks.
The Credit Guarantee Corporation of India, and State Level Bankers’ Committees were established during his tenure. Indian rupee notes of Rs 20 and Rs 50 denomination were introduced for the first time in India and these bore his signature.[2]
He relinquished office to take up the post of the India's Executive Director at the IMF.
| Preceded by B. N. Adarkar |
Governor of RBI 1970 1975 |
Succeeded by N. C. Sen Gupta |
[edit] References
- ^ List of Governors. Reserve Bank of India. Retrieved on December 8, 2006.
- ^ Jain, Manik (2004). 2004 Phila India Paper Money Guide Book. Kolkata: Philatelia, 45, 49.
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