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Former Reserve Bank governor Maidavolu Narasimham passes away at 94

He was born in 1927 and hails from Mydavolu village of Guntur District in Andhra Pradesh.
Narasimham was the 13th governor of RBI and he served as the central bank head from May 2, 1977 to November 30, 1977.
Narasimham was the first and so far the only governor to be appointed from the Reserve Bank cadre, having joined the Bank as a Research Officer in the Economic Department. He later joined the government and prior to his appointment as governor he served as Additional Secretary, Department of Economic Affairs.
After his short term as RBI governor, he served as India s executive director at the World Bank and later at the International Monetary Fund (IMF). ....

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Maidavolu Narasimham: Father of banking reforms is no more

Maidavolu Narasimham: Father of banking reforms is no more
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Narasimham joined the RBI as a research officer and then went on to serve the Indian government. He was an additional secretary at the Department of Economic Affairs, and was also in the Finance Ministry prior to economic liberalisation in the 90s.
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Maidavolu Narasimham, former governor of the Reserve Bank of India and the architect of banking sector reforms, died on Tuesday. He was 94.
Narasimham joined the RBI as a research officer and then went on to serve the Indian government. He was an additional secretary at the Department of Economic Affairs, and was also in the Finance Ministry prior to economic liberalisation in the 90s. ....

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M Narasimham, father of banking reforms, dead - The Hindu BusinessLine

M Narasimham, father of banking reforms, dead
April 20, 2021
Maidavolu Narasimham×
Former Reserve Bank of India (RBI) Governor Maidavolu Narasimham passed away in Hyderabad on Tuesday. He was 94.
The recommendations of the two committees he headed – Committee on the Financial System, 1991 and the Committee of Banking Sector Reforms, 1998 – formed the bedrock of reforms in the Indian financial and banking sectors.
When the Emergency ended in 1977 and the new Janata Government was installed, it appointed Narasimham as Governor from May 2, 1977, to November 30, 1977.
Narasimham was the first and so far the only Governor to be appointed from the Reserve Bank cadre, having joined the central bank as a Research Officer in the Economic Department. ....

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