B. N. Adarkar
Encyclopedia
B. N. Adarkar was the ninth Governor of the Reserve Bank of India
from 4 May 1970 to 15 June 1970. His term was the second shortest (42 days) after Amitav Ghosh
who had served for only 20 days. His term was short since he was filling in as interim before S. Jaganathan took over.
Unlike his predecessors who were from the Indian Civil Service, Adarkar was an economist
and had served in the office of the Economic Adviser of the Government of India. Prior to that he had held various important positions in the Ministry of Commerce & Industry. He was the Deputy Governor of the Reserve Bank before filling in as interim Governor.
During his tenure the Indian Rupee
notes of denominations 2, 5, 10, and 100, commemorating the birth centenary of Mahatma Gandhi
was reissued on 24 August 1970, these notes bear his signature, the earlier issue bears the signature of L. K. Jha. Due to his short interim term his signature does not appear on any other Indian rupee notes.
He also served as India's Executive Director at the International Monetary Fund
. Adarkar was involved in the establishment of the National Institute of Bank Management.
Reserve Bank of India
The Reserve Bank of India is the central banking institution of India and controls the monetary policy of the rupee as well as US$300.21 billion of currency reserves. The institution was established on 1 April 1935 during the British Raj in accordance with the provisions of the Reserve Bank of...
from 4 May 1970 to 15 June 1970. His term was the second shortest (42 days) after Amitav Ghosh
Amitav Ghosh (banker)
Amitav Ghosh is an Indian banker. He served for the 20 days from January 15 to February 4, 1985, as the 16th governor of the Reserve Bank of India. His term was the shortest ever served by any Reserve Bank of India governor.-Career:...
who had served for only 20 days. His term was short since he was filling in as interim before S. Jaganathan took over.
Unlike his predecessors who were from the Indian Civil Service, Adarkar was an economist
Economist
An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy...
and had served in the office of the Economic Adviser of the Government of India. Prior to that he had held various important positions in the Ministry of Commerce & Industry. He was the Deputy Governor of the Reserve Bank before filling in as interim Governor.
During his tenure the Indian Rupee
Indian rupee
The Indian rupee is the official currency of the Republic of India. The issuance of the currency is controlled by the Reserve Bank of India....
notes of denominations 2, 5, 10, and 100, commemorating the birth centenary of Mahatma Gandhi
Mahatma Gandhi
Mohandas Karamchand Gandhi , pronounced . 2 October 1869 – 30 January 1948) was the pre-eminent political and ideological leader of India during the Indian independence movement...
was reissued on 24 August 1970, these notes bear his signature, the earlier issue bears the signature of L. K. Jha. Due to his short interim term his signature does not appear on any other Indian rupee notes.
He also served as India's Executive Director at the International Monetary Fund
International Monetary Fund
The International Monetary Fund is an organization of 187 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world...
. Adarkar was involved in the establishment of the National Institute of Bank Management.