Harun Rashid Khan

Haroon Al Rashid Khan (RBI)
Haroon Al Rashid Khan (RBI)
Deputy Governor of Reserve Bank of India
	In office; 4 July 2011 – 4 July 2016
Governor	Duvvuri Subbarao; Raghuram Rajan
Succeeded by	N S Vishwanathan
Personal details
Born	India
Nationality	Indian
Spouse(s)	Rosy
Children	Sara (daughter)
Education	Utkal University, Jawaharlal Nehru University
Occupation	Banker
Known for	Deputy Governor of Reserve Bank of India

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Harun Rashid Khan, popularly known as H R Khan, was a Deputy Governor of Reserve Bank of India for a five-year term between 2011 and 2016 ^[1] Considered approachable and open to reasoning ^[2] Khan has made contribution to internal debt management, external investment and exchange control. He was appointed as Deputy Governor in July 2011.^[3] He has also been an Executive Director of RBI and Director of NABARD.

Early life and education[edit]

H R Khan had his early schooling at Badagada Highschool in Bhubaneswar. He was a brilliant student. Although he studied in the vernacular medium, he regularly won first prizes at State level debate and elocution contests in English, and was a multiple winner of the Governor's Cup for elocution.

Khan obtained his Master's degree in Political Science from Utkal University. Later he obtained Master of Philosophy degree from the School of International Studies of Jawaharlal Nehru University.

Career in RBI[edit]

Khan joined Reserve Bank of India in 1978. He rapidly rose through the ranks, working in diverse areas, and became the Principal of RBI's College of Agricultural Banking (CAB) at Pune, before getting appointed as the Regional Director of RBI, New Delhi.

Between 2007 and 2008, Khan was the Director of Bank of Maharashtra and Punjab and Sind Bank

He was elevated to the position of Executive Director of RBI on 26 October 2007. He was appointed as Deputy Governor on 4 July 2011.^[4]

Outstanding achievement[edit]

Khan was the Chairman of the RBI Internal Group on Rural Credit and Microfinance, which is popularly known as the Khan Committee. Based on the recommendations of the Khan Committee, RBI prepared guidelines for expansion of the banking outreach through the Business Facilitator and Business Correspondent models with ICT support, which revolutionized the spread of financial inclusion in India.

Towards the end of his career, Khan chaired the "Working Group on Development of Corporate Bond Market in India". Its report, also popularly referred to as "Khan Committee Report" considered various structural issues impinging on the development of a deep corporate bond market in India.^[5]

Personal life[edit]

Khan is married to Rosy and has a daughter named Sara. Khan is a strict vegetarian, while all other members in his family are non-vegetarian. This habit has won him the epithet of Vegetarian Khan.^[6]

Important assignments[edit]

Chairman, RBI Internal Group on Rural Credit & Micro-finance
Member Secretary, Committee on Ways and Means Advances for State Governments
Convenor, Working Group on Instruments of Sterilisation
Convenor, Working Group on Model Fiscal Responsibility & Budget Management Bill for States
Member, G-20 Working Group on "Reinforcing International Cooperation & Market Integrity"
Member, BIS Committee on "Global Financial System"
Member, International Task Force on Central Counterparties

Speeches & Writings[edit]

IT Governance and IT Strategy: Boards' Eye View
Financing Strategies for Urban Infrastructure: Trends and Challenges (RBI Bulletin, August 2013)
Challenges and concerns of the central bank - opportunities and role for the commercial banks ( BIS - Publications)
Promoting Retail Investor Participation in Government Bonds (8th Annual National Conference on Capital Markets on the theme "Confidence Building Measures for Retail Investors" on 9 January 2013 at Mumbai)
Understanding Psychology through Responsible Financial Behaviour (Maharishi Dayanand College, Mumbai on 6 February 2012)
The Shrinking Money & RBI's Economic Policy (National Management Seminar, Bhubaneswar on 10 December 2011)

References[edit]

↑ "Khan retires, Vishwanathan takes charge as RBI Deputy Governor". The Indian Express. 5 July 2016.
↑ "Harun Rashid Khan is new deputy governor of RBI". The Times Of India. 13 July 2011.
↑ "H R Khan appointed Deputy Governor of RBI (Press Release)".
↑ "H R Khan promoted as DG of RBI)".
↑ "Khan committee report: 'Allow banks to pledge corporate bonds as collateral with RBI'". The Indian Express. 19 August 2016.
↑ "Harun Rashid Khan as new DG of RBI)". The Times Of India. 13 July 2011.

[1] "Khan retires, Vishwanathan takes charge as RBI Deputy Governor". The Indian Express. 5 July 2016.

[2] "Harun Rashid Khan is new deputy governor of RBI". The Times Of India. 13 July 2011.

[3] "H R Khan appointed Deputy Governor of RBI (Press Release)".

[4] "H R Khan promoted as DG of RBI)".

[5] "Khan committee report: 'Allow banks to pledge corporate bonds as collateral with RBI'". The Indian Express. 19 August 2016.

[6] "Harun Rashid Khan as new DG of RBI)". The Times Of India. 13 July 2011.

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