May 4, 1970 to June 15, 1970

b n adarkar1

B N Adarkar, the ninth Governor of RBI, served as an interim Governor until S. Jagganathan could take over as Governor. His tenure was the second shortest lasting from May 4, 1970 to June 15, 1970. Unlike all of his predecessors, he was an economist by profession and held office within the office of Economic Adviser of the Government of India. He also served in important positions in the Ministry of Commerce and Industry prior to being appointed as the Deputy Governor of the RBI. As a Deputy Governor, he played an important role in establishing the National Institute of Bank Management.

Even in such a short tenure, he was able to reissue Indian Rupee notes of denomination 2, 5, 10 and 100 to commemorate the birth centenary of Mahatma Gandhi, which were reissued on August 24, 1970 all of which bear his signature.




This article was written by Ushma Jinadatha


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