S. Jagannathan
Encyclopedia
S. Jagannathan was the tenth Governor of the Reserve Bank of India
from 16 June 1970 to 19 May 1975.
Jagannathan was a member of the Indian Civil Service, and had served with the Central Government. Prior to becoming the Governor of the RBI, he was India's Executive Director at the World Bank
.
The oil shock of the 1970s was re-elected by a very active monetary policy during his tenure. Other achievement include an expansion of banking offices in pursuance of the objectives of the nationalisation of private banks.
The Credit Guarantee Corporation of India, and State Level Bankers' Committees were established during his tenure. Indian rupee
notes of 20 and 50 denomination were introduced for the first time in India and these bore his signature.
He relinquished office to take up the post of the India's Executive Director at the International Monetary Fund
.
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 16 June 1970 to 19 May 1975.
Jagannathan was a member of the Indian Civil Service, and had served with the Central Government. Prior to becoming the Governor of the RBI, he was India's Executive Director at the World Bank
World Bank
The World Bank is an international financial institution that provides loans to developing countries for capital programmes.The World Bank's official goal is the reduction of poverty...
.
The oil shock of the 1970s was re-elected by a very active monetary policy during his tenure. Other achievement include an expansion of banking offices in pursuance of the objectives of the nationalisation of private banks.
The Credit Guarantee Corporation of India, and State Level Bankers' Committees were established during his tenure. 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 20 and 50 denomination were introduced for the first time in India and these bore his signature.
He relinquished office to take up the post of the 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...
.