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{{Use dmy dates|date=July 2015}} | {{Use dmy dates|date=July 2015}} | ||
{{Infobox officeholder | {{Infobox officeholder | ||
| name = | | name = Sri Venkitaramanan | ||
|office = 18th [[List of Governors of Reserve Bank of India|Governor of Reserve Bank of India]] | |office = 18th [[List of Governors of Reserve Bank of India|Governor of Reserve Bank of India]] | ||
| image = | | image = | ||
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| term_end = 21 December 1992 | | term_end = 21 December 1992 | ||
| birth_date = {{Birth date |df=yes|1931|1|28}}<ref>[https://dspace.gipe.ac.in/xmlui/bitstream/handle/10973/29705/rrk-1998.pdf?sequence=2&isAllowed=y]{{dead link|date=March 2019}}</ref> | | birth_date = {{Birth date |df=yes|1931|1|28}}<ref>[https://dspace.gipe.ac.in/xmlui/bitstream/handle/10973/29705/rrk-1998.pdf?sequence=2&isAllowed=y]{{dead link|date=March 2019}}</ref> | ||
| birth_place = [[Nagercoil]], | | birth_place = [[Nagercoil]], Padmanabhapuram division, [[Travancore State]] | ||
| nationality = Indian | | nationality = Indian | ||
| alma_mater = | | alma_mater = Government Model Boys Higher Secondary School Attingal, [[University College Thiruvananthapuram]], [[Carnegie Mellon University]] | ||
| signature = | | signature = | ||
}} | }} | ||
''' | '''Sri Venkitaramanan''' was the eighteenth Governor of the [[Reserve Bank of India]]. He served for a period of 2 years, from 1990 to 1992.<ref>{{cite web |url = http://www.rbi.org.in/scripts/governors.aspx |title = List of Governors |accessdate = 2006-12-08 |publisher = Reserve Bank of India}}</ref> Earlier, he served as Finance Secretary in the Ministry of Finance, from 1985 to 1989.<ref>{{cite web|url=https://indian-coins.com/republicindianotes/1-rupee/s-venkitaramanan|title=S Venkitaramanan|website=indian-coins.com}}</ref> | ||
Venkitaramanan is seen by many as a brilliant crisis manager of the [[balance of payments]] crisis in India in the late 1980s and early 1990s.<ref name="auto">{{cite | Venkitaramanan is seen by many as a brilliant crisis manager of the [[balance of payments]] crisis in India in the late 1980s and early 1990s.<ref name="auto">{{cite news|url=https://www.thehindu.com/opinion/lead/Looking-for-some-change-Governor/article14583812.ece|title=Looking for some change, Governor|first=Pulapre|last=Balakrishnan|newspaper=The Hindu|date=23 August 2016|publisher=|via=www.thehindu.com}}</ref><ref name="indianexpress.com">{{cite web|url=https://indianexpress.com/article/explained/rbi-s-venkitaramanan-1991-economic-reforms-rupee-devaluation-2896080/|title=In fact: RBI head and crisis manager during 1991 BOP turmoil|date=5 April 2017|publisher=}}</ref> His timely and decisive action laid the ground work for India salvaging the crisis, at a time when India's foreign-exchange reserves had almost depleted.<ref name="auto"/><ref name="indianexpress.com"/> | ||
==Early life and background== | ==Early life and background== | ||
Venkitaramanan was born at the town of [[Nagercoil]] in Padmanathapuram division of the princely-state of [[Travancore State|Travancore]], to a Tamil Iyer family.<ref name="indianexpress.com1">{{cite web|url=https://indianexpress.com/article/opinion/web-edits/aiadmks-pick-of-no-nonsense-girija-vaidhyanathan-as-chief-secretary-has-come-as-surprise-for-many-4440000/|title=AIADMK's pick of no-nonsense Girija Vaidhyanathan as Chief Secretary surprises many|date=22 December 2016|publisher=}}</ref> | |||
Venkitaramanan was born in [[ | |||
He completed his master's degree in Physics from [[University College Thiruvananthapuram]], [[Kerala]]<ref>{{Cite web |url=http://www.ril.com/html/aboutus/s_venkitaramanan.html |title=Archived copy |access-date=2 May 2014 |archive-url=https://web.archive.org/web/20140502151026/http://www.ril.com/html/aboutus/s_venkitaramanan.html |archive-date=2 May 2014 |url-status=dead |df=dmy-all }}</ref> and also earned a master's degree in Industrial Administration from [[Carnegie Mellon University]], Pittsburgh, USA.<ref name="bloomberg.com">{{cite web|url=https://www.bloomberg.com/research/stocks/private/person.asp?personId=7388121&privcapId=61112301&previousCapId=61112301&previousTitle=New+Tirupur+Area+Development+Corporation+Ltd|website=www.bloomberg.com}}</ref> | He completed his master's degree in Physics from [[University College Thiruvananthapuram]], [[Kerala]]<ref>{{Cite web |url=http://www.ril.com/html/aboutus/s_venkitaramanan.html |title=Archived copy |access-date=2 May 2014 |archive-url=https://web.archive.org/web/20140502151026/http://www.ril.com/html/aboutus/s_venkitaramanan.html |archive-date=2 May 2014 |url-status=dead |df=dmy-all }}</ref> and also earned a master's degree in Industrial Administration from [[Carnegie Mellon University]], Pittsburgh, USA.<ref name="bloomberg.com">{{cite web|url=https://www.bloomberg.com/research/stocks/private/person.asp?personId=7388121&privcapId=61112301&previousCapId=61112301&previousTitle=New+Tirupur+Area+Development+Corporation+Ltd|website=www.bloomberg.com}}</ref> | ||
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At the time of his appointment as RBI Governor, India was in the midst of a [[balance of payments]] crisis, with fast-depleting foreign exchange reserves.<ref name="rbi.org.in"/> His decisive actions helped India tide over the crisis.<ref name="indianexpress.com"/><ref name="auto"/><ref name="rbi.org.in"/> During his tenure as RBI Governor, the infamous [[1992 Indian stock market scam|Harshad Mehta scam]] was exposed by [[Sucheta Dalal]]. | At the time of his appointment as RBI Governor, India was in the midst of a [[balance of payments]] crisis, with fast-depleting foreign exchange reserves.<ref name="rbi.org.in"/> His decisive actions helped India tide over the crisis.<ref name="indianexpress.com"/><ref name="auto"/><ref name="rbi.org.in"/> During his tenure as RBI Governor, the infamous [[1992 Indian stock market scam|Harshad Mehta scam]] was exposed by [[Sucheta Dalal]]. | ||
==Later | ==Later years== | ||
After retirement, Venkitaramanan served as the Chairman of Ashok Leyland Investment Services Ltd., New Tirupur Area Development Corporation Ltd. and Ashok Leyland Finance Ltd.<ref name="bloomberg.com"/> He also served in the boards of Reliance Industries Limited, SPIC, Piramal Healthcare Ltd, Tamil Nadu Water Investment Co. Ltd and Housing Development Finance Corp. Ltd.<ref name="bloomberg.com"/> | After retirement, Venkitaramanan served as the Chairman of Ashok Leyland Investment Services Ltd., New Tirupur Area Development Corporation Ltd. and Ashok Leyland Finance Ltd.<ref name="bloomberg.com"/> He also served in the boards of Reliance Industries Limited, SPIC, Piramal Healthcare Ltd, Tamil Nadu Water Investment Co. Ltd and Housing Development Finance Corp. Ltd.<ref name="bloomberg.com"/> | ||
His daughter | His daughter Girija Vaidyanathan — a 1981, Tamil Nadu cadre [[Indian Administrative Service]] officer — served as the [[Chief Secretary (India)|Chief Secretary]] of [[Tamil Nadu]].<ref>{{Cite news|url=http://www.dnaindia.com/india/report-5-things-you-need-to-know-about-new-chief-secretary-of-tamil-nadu-girija-vaidyanathan-2285571|title=5 things you need to know about new Chief Secretary of Tamil Nadu Girija Vaidyanathan {{!}} Latest News & Updates at Daily News & Analysis|date=2016-12-22|newspaper=dna|language=en-US|access-date=2016-12-24}}</ref> | ||
==Published | ==Published books== | ||
Venkitaramanan has published three books, Indian Economy: Reviews And Commentaries - Vol I, Indian Economy: Reviews And Commentaries - Vol II, and Indian Economy: Reviews And Commentaries - Vol III. | Venkitaramanan has published three books, Indian Economy: Reviews And Commentaries - Vol I, Indian Economy: Reviews And Commentaries - Vol II, and Indian Economy: Reviews And Commentaries - Vol III. | ||
== | ==In popular culture== | ||
Actor [[Anant Mahadevan]] | Actor [[Anant Mahadevan]] portrayed Venkitaramanan in [[Scam 1992]], a [[SonyLIV|Sony Liv]]'s original web series based on [[1992 Indian stock market scam]] of [[Harshad Mehta]].<ref>{{cite web |title=Real Vs. Reel: Characters In 'Scam 1992: The Harshad Mehta Story' & Their Real-Life Counterparts |date=17 October 2020 |url=https://www.scoopwhoop.com/entertainment/a-look-at-the-characters-in-scam-1992-their-real-life-counterparts/ |publisher=[[ScoopWhoop]] |access-date=11 April 2021}}</ref> | ||
==References== | ==References== | ||
Latest revision as of 10:18, 31 August 2021
Sri Venkitaramanan | |
|---|---|
| 18th Governor of Reserve Bank of India | |
| In office 22 December 1990 – 21 December 1992 | |
| Preceded by | R. N. Malhotra |
| Succeeded by | C. Rangarajan |
| Personal details | |
| Born | 28 January 1931[1] Nagercoil, Padmanabhapuram division, Travancore State |
| Nationality | Indian |
| Alma mater | Government Model Boys Higher Secondary School Attingal, University College Thiruvananthapuram, Carnegie Mellon University |
Sri Venkitaramanan was the eighteenth Governor of the Reserve Bank of India. He served for a period of 2 years, from 1990 to 1992.[2] Earlier, he served as Finance Secretary in the Ministry of Finance, from 1985 to 1989.[3]
Venkitaramanan is seen by many as a brilliant crisis manager of the balance of payments crisis in India in the late 1980s and early 1990s.[4][5] His timely and decisive action laid the ground work for India salvaging the crisis, at a time when India's foreign-exchange reserves had almost depleted.[4][5]
Early life and background[edit | edit source]
Venkitaramanan was born at the town of Nagercoil in Padmanathapuram division of the princely-state of Travancore, to a Tamil Iyer family.[6]
He completed his master's degree in Physics from University College Thiruvananthapuram, Kerala[7] and also earned a master's degree in Industrial Administration from Carnegie Mellon University, Pittsburgh, USA.[8]
IAS[edit | edit source]
Venkitaramanan was a member of the Indian Administrative Service.[9] He was posted with the Government of India and with the state of Tamilnadu at various times. He also served the Government of Karnataka as adviser.[10]
Finance Secretary[edit | edit source]
He served as Finance Secretary in the Ministry of Finance, Government of India for a period of four years from 1985 to 1989.[8]
Governor of Reserve Bank[edit | edit source]
Venkitaramanan served as Governor of the Reserve Bank of India from 22 December 1990 to 21 December 1992.[11] At the time of his appointment as RBI Governor, India was in the midst of a balance of payments crisis, with fast-depleting foreign exchange reserves.[11] His decisive actions helped India tide over the crisis.[5][4][11] During his tenure as RBI Governor, the infamous Harshad Mehta scam was exposed by Sucheta Dalal.
Later years[edit | edit source]
After retirement, Venkitaramanan served as the Chairman of Ashok Leyland Investment Services Ltd., New Tirupur Area Development Corporation Ltd. and Ashok Leyland Finance Ltd.[8] He also served in the boards of Reliance Industries Limited, SPIC, Piramal Healthcare Ltd, Tamil Nadu Water Investment Co. Ltd and Housing Development Finance Corp. Ltd.[8]
His daughter Girija Vaidyanathan — a 1981, Tamil Nadu cadre Indian Administrative Service officer — served as the Chief Secretary of Tamil Nadu.[12]
Published books[edit | edit source]
Venkitaramanan has published three books, Indian Economy: Reviews And Commentaries - Vol I, Indian Economy: Reviews And Commentaries - Vol II, and Indian Economy: Reviews And Commentaries - Vol III.
In popular culture[edit | edit source]
Actor Anant Mahadevan portrayed Venkitaramanan in Scam 1992, a Sony Liv's original web series based on 1992 Indian stock market scam of Harshad Mehta.[13]
References[edit | edit source]
- ↑ [1][dead link]
- ↑ "List of Governors". Reserve Bank of India. Retrieved 8 December 2006.
- ↑ "S Venkitaramanan". indian-coins.com.
- ↑ 4.0 4.1 4.2 Balakrishnan, Pulapre (23 August 2016). "Looking for some change, Governor". The Hindu – via www.thehindu.com.
- ↑ 5.0 5.1 5.2 "In fact: RBI head and crisis manager during 1991 BOP turmoil". 5 April 2017.
- ↑ "AIADMK's pick of no-nonsense Girija Vaidhyanathan as Chief Secretary surprises many". 22 December 2016.
- ↑ "Archived copy". Archived from the original on 2 May 2014. Retrieved 2 May 2014.
{{cite web}}: CS1 maint: archived copy as title (link) - ↑ 8.0 8.1 8.2 8.3 www.bloomberg.com https://www.bloomberg.com/research/stocks/private/person.asp?personId=7388121&privcapId=61112301&previousCapId=61112301&previousTitle=New+Tirupur+Area+Development+Corporation+Ltd.
{{cite web}}: Missing or empty|title=(help) - ↑ "SUPREMO". supremo.nic.in. Retrieved 24 December 2016.
- ↑ "Urjit Patel resigns: From Osborne Smith to Shaktikanta Das, here's a list of the men who have held the top post at Mint Street". Moneycontrol.
- ↑ 11.0 11.1 11.2 "Reserve Bank of India - Governors". Rbi.org.in. Retrieved 20 March 2019.
- ↑ "5 things you need to know about new Chief Secretary of Tamil Nadu Girija Vaidyanathan | Latest News & Updates at Daily News & Analysis". dna. 22 December 2016. Retrieved 24 December 2016.
- ↑ "Real Vs. Reel: Characters In 'Scam 1992: The Harshad Mehta Story' & Their Real-Life Counterparts". ScoopWhoop. 17 October 2020. Retrieved 11 April 2021.
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