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The number of state lenders has been brought down to 12 PSBs after several rounds of consolidation. Their financial position has improved and combined profit has crossed Rs 1 lakh crore mark in the financial year 2023 ....
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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.  In the words of his mentee, Dr YV Reddy, former governor of RBI, M Narasimham is a ‘gentleman and statesman’. ....
Former RBI Governor And Architect Of Modern Indian Banking, M Narasimham Passes Away In Hyderabad Former RBI governor M Narasimham (Administrative Staff College of India) Former governor of Reserve Bank of India (RBI), 94 year old Maidavolu Narasimham passed away in Hyderabad on Tuesday (20 April). He joined RBI as a research officer in the Economics department and is the only governor who rose from the ranks of RBI. Narasimham who is popularly called as the architect of modern Indian banking, had chaired two high-powered committees on banking and financial sector reforms. The first high-powered committee he chaired was in 1991 on the financial system and second one in 1998 on banking sector reforms. ....
Narasimham, architect of India’s banking reforms, passes away; financial sector in mourning By M Somasekhar| Published: 21st April 2021 5:02 pm IST M Somasekhar In the royal meeting hall of Bella Vista in Hyderabad, one familiar personality, who strode the dais with his prominent presence and erudition for over two decades (1993-2015) was Dr M Narasimham, the former Governor of the Reserve Bank of India (RBI). Though short statured his baritone voice and crisp but insightful observations at many important policy meetings, training courses for MPs, IAS, brainstorming sessions etc., as Principal and later as Chairman of the Board of the Administrative Staff College of India (ASCI), surely have left a deep imprint. ....