Osborne Smith
Encyclopedia
Sir Osborne Arkell Smith, KCSI
, KCIE
, Kt
(26 December 1876-30 August 1952) was the first Governor of the Reserve Bank of India
from 1 April 1935 to 30 June 1937.
Smith was professional banker, and had served for 20 years with the Bank of New South Wales and 10 years with the Commonwealth Bank of Australia. He then came to India in 1926 as Managing Governor of the Imperial Bank of India
. He was knighted in 1929, appointed a KCIE in 1932 and a KCSI in 1937.
His stewardship of the Imperial Bank won him recognition in banking circles in India. Since his outlook on policy issues like the exchange rates and interest rates differed with that of the Government, he resigned before the completion of his term of office.
Sir Osborne, did not sign any Indian rupee
notes during his tenure.
Order of the Star of India
The Most Exalted Order of the Star of India is an order of chivalry founded by Queen Victoria in 1861. The Order includes members of three classes:# Knight Grand Commander # Knight Commander # Companion...
, KCIE
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...
(26 December 1876-30 August 1952) was the first 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 April 1935 to 30 June 1937.
Smith was professional banker, and had served for 20 years with the Bank of New South Wales and 10 years with the Commonwealth Bank of Australia. He then came to India in 1926 as Managing Governor of the Imperial Bank of India
Imperial Bank of India
The Imperial Bank of India was the oldest and the largest commercial bank of the Indian subcontinent, and was subsequently transformed into State Bank of India in 1955.-Origin:...
. He was knighted in 1929, appointed a KCIE in 1932 and a KCSI in 1937.
His stewardship of the Imperial Bank won him recognition in banking circles in India. Since his outlook on policy issues like the exchange rates and interest rates differed with that of the Government, he resigned before the completion of his term of office.
Sir Osborne, did not sign any 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 during his tenure.