James Braid Taylor
Encyclopedia
Sir James Braid Taylor, KCIE
, Kt
(21 April 1891-17 February 1943)was the second Governor of the Reserve Bank of India
from 1 July 1937 until he died in office on 17 February 1943. He succeeded Sir Osborne Smith who was the Governor from 1 April 1935 to 30 June 1937. He was appointed a CIE in 1933, knighted in 1935 and promoted to a KCIE in 1939.
Taylor, a member of the Indian Civil Service, served as a Deputy Controller in the Currency Department of the Government of India for over a decade. He later became the Controller of Currency, and additionally secretary in the Finance Department. He then became the Deputy Governor of the Reserve Bank and succeeded Smith as the Governor. He was closely associated with the preparation and piloting of the Reserve Bank of India Bill. He governed the bank during the war years
and was involved in decision to move from a silver currency to fiat money
. Even though he was the second Governor, his signature was the first to appear on the currency note
s of the Indian rupee
. His second term came to an end when he died in office on 17 February 1943. He was succeeded by Sir C D Deshmukh who became the first Indian to lead the Reserve Bank of India.
Order of the Indian Empire
The Most Eminent Order of the Indian Empire is an order of chivalry founded by Queen Victoria in 1878. The Order includes members of three classes:#Knight Grand Commander #Knight Commander #Companion...
, Kt
Knight Bachelor
The rank of Knight Bachelor is a part of the British honours system. It is the most basic rank of a man who has been knighted by the monarch but not as a member of one of the organised Orders of Chivalry...
(21 April 1891-17 February 1943)was the second Governor of the Reserve Bank of India
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 1 July 1937 until he died in office on 17 February 1943. He succeeded Sir Osborne Smith who was the Governor from 1 April 1935 to 30 June 1937. He was appointed a CIE in 1933, knighted in 1935 and promoted to a KCIE in 1939.
Taylor, a member of the Indian Civil Service, served as a Deputy Controller in the Currency Department of the Government of India for over a decade. He later became the Controller of Currency, and additionally secretary in the Finance Department. He then became the Deputy Governor of the Reserve Bank and succeeded Smith as the Governor. He was closely associated with the preparation and piloting of the Reserve Bank of India Bill. He governed the bank during the war years
World War II
World War II, or the Second World War , was a global conflict lasting from 1939 to 1945, involving most of the world's nations—including all of the great powers—eventually forming two opposing military alliances: the Allies and the Axis...
and was involved in decision to move from a silver currency to fiat money
Fiat money
Fiat money is money that has value only because of government regulation or law. The term derives from the Latin fiat, meaning "let it be done", as such money is established by government decree. Where fiat money is used as currency, the term fiat currency is used.Fiat money originated in 11th...
. Even though he was the second Governor, his signature was the first to appear on the currency note
Banknote
A banknote is a kind of negotiable instrument, a promissory note made by a bank payable to the bearer on demand, used as money, and in many jurisdictions is legal tender. In addition to coins, banknotes make up the cash or bearer forms of all modern fiat money...
s of 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....
. His second term came to an end when he died in office on 17 February 1943. He was succeeded by Sir C D Deshmukh who became the first Indian to lead the Reserve Bank of India.