Usha Thorat
Encyclopedia
Usha Thorat, served as Deputy Governor of the Reserve Bank of India
(RBI) (India
's central bank
) from November 10, 2005 to November 8, 2010. Prior to this she was the executive Director of the RBI.
, New Delhi
and Delhi School of Economics.
, Indian Overseas Bank
and the Securities Trading Corporation of India.
She has been Executive Director of RBI since April 2004. As Deputy Governor she is responsible for Department of currency management, Deposit Insurance and Credit Guarantee Corporation, inspection department, premises department, rural planning and credit department and urban banks department.
She has been one of the key players in the Indian Central Banks efforts toward promoting Financial Inclusion
.
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...
(RBI) (India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
's central bank
Central bank
A central bank, reserve bank, or monetary authority is a public institution that usually issues the currency, regulates the money supply, and controls the interest rates in a country. Central banks often also oversee the commercial banking system of their respective countries...
) from November 10, 2005 to November 8, 2010. Prior to this she was the executive Director of the RBI.
Early life
Thorat is an alumnus of the Lady Shri Ram College for WomenLady Shri Ram College for Women
Lady Shri Ram College for Women , is a constituent college of the University of Delhi. It is recognized as one of the premier women's institutions for liberal arts education in India.It isalso known as the Wellesley of the East....
, New Delhi
New Delhi
New Delhi is the capital city of India. It serves as the centre of the Government of India and the Government of the National Capital Territory of Delhi. New Delhi is situated within the metropolis of Delhi. It is one of the nine districts of Delhi Union Territory. The total area of the city is...
and Delhi School of Economics.
Career
Usha Thorat has been the Reserve Bank of India nominee on the Board of on the boards of Bank of BarodaBank of Baroda
Bank of Baroda is the third largest bank in India, after the State Bank of India and the Punjab National Bank and ahead of ICICI Bank. BoB is ranked 763 in Forbes Global 2000 list. BoB has total assets in excess of Rs. 3.58 lakh crores, or Rs. 3,583 billion, a network of over 3,409 branches and...
, Indian Overseas Bank
Indian Overseas Bank
Indian Overseas Bank is a major bank based in Chennai , with 2018 domestic branches and six branches overseas. Indian Overseas Bank has an ISO certified inhouse Information Technology department, which has developed the software that 2018 branches use to provide online banking to customers; the...
and the Securities Trading Corporation of India.
She has been Executive Director of RBI since April 2004. As Deputy Governor she is responsible for Department of currency management, Deposit Insurance and Credit Guarantee Corporation, inspection department, premises department, rural planning and credit department and urban banks department.
She has been one of the key players in the Indian Central Banks efforts toward promoting Financial Inclusion
Financial inclusion
Financial inclusion or inclusive financing is the delivery of financial services at affordable costs to sections of disadvantaged and low income segments of society. Unrestrained access to public goods and services is the sine qua non of an open and efficient society...
.