S. Venkitaramanan

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]

S Venkitaramanan
18th Governor of Reserve Bank of India
In office
22 December 1990 – 21 December 1992
Preceded byR. N. Malhotra
Succeeded byC. Rangarajan
Personal details
Born(1931-01-28)28 January 1931[1]
Nagercoil,
(present-day Kanyakumari District)
NationalityIndian
Alma materGovernment Model Boys Higher Secondary School Attingal, University College Thiruvananthapuram, Carnegie Mellon University

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]

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References
  2. "List of Governors". Reserve Bank of India. Retrieved 8 December 2006.
  3. "S Venkitaramanan". indian-coins.com.
  4. Balakrishnan, Pulapre (23 August 2016). "Looking for some change, Governor" – via www.thehindu.com.
  5. "In fact: RBI head and crisis manager during 1991 BOP turmoil". 5 April 2017.
  6. "AIADMK's pick of no-nonsense Girija Vaidhyanathan as Chief Secretary surprises many". 22 December 2016.
  7. "Archived copy". Archived from the original on 2 May 2014. Retrieved 2 May 2014.CS1 maint: archived copy as title (link)
  8. "Bloomberg - Are you a robot?". www.bloomberg.com.
  9. "SUPREMO". supremo.nic.in. Retrieved 24 December 2016.
  10. "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.
  11. "Reserve Bank of India - Governors". Rbi.org.in. Retrieved 20 March 2019.
  12. "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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