The restoration of the Indian economy, especially banks since 2014 is actually a lesson for the Harvard Business School said Nirmala Sitharaman finance minister of India, while addressing the gathering Gujarat Chambers of Commerce and Industry (GCCI), in Ahmedabad on Saturday. The finance minister was speaking on the topic Vikshit Bharat 2047.
M Narasimham, Father of Indian Banking Reforms, is No More
0
Born at Nellore on 3 June 1927 Maidavolu Narasimham, father of financial and banking Reforms breathed last on 20 April 2021. This 94-year-old legend in banking was the only person joining the Reserve Bank of India (RBI) as a research officer in the department of research and statistics, to return as governor of RBI for the shortest period of seven months, after serving the government of India as additional secretary in the department of economic affairs in 1972. He was secretary for banking from where he rose to the position of governor of RBI.Â
Â
In the words of his mentee, Dr YV Reddy, former governor of RBI, M Narasimham is a ‘gentleman and statesman’.Â