Former RBI Governor Maidavolu Narasimham passes away at 94

The former Reserve Bank of India (RBI) Governor Maidavolu Narasimham, has passed away. He was 94.
He was famously known as the “Father of Indian Banking Reforms”.
Narasimham was the 13th Governor of RBI and served from May 2, 1977 to November 30, 1977.

Some Facts about Maidavolu Narasimham

It must be noted that Maidavolu Narasimham was the first and so far the only governor to be appointed from the Reserve Bank cadre. He had joined the Central Bank as a Research Officer in the Economic Department.
Prior to that he served as Additional Secretary, Department of Economic Affairs.
After his retirement as RBI governor, he served as India’s executive director at the World Bank and later at the International Monetary Fund (IMF).
Narasimham was awarded Padma Vibhushan award in 2000.
He even headed various committees including Financial System, 1991 and the Committee of Banking Sector Reforms, 1998.