Key facts
- Born
- 3 June 1927, Guntur
- Died
- 20 April 2021, Hyderabad
- State of birth
- Guntur, Andhra Pradesh
- Sector
- Banking & finance
- Profession
- Indian banker (1927-2021)
- Gender
- Male
Biography
Maidavolu Narasimham was an Indian banker who served as the thirteenth Governor of the Reserve Bank of India (RBI) from 2 May 1977 to 30 November 1977. For his contributions to the banking and financial sector in India, he is often referred to as the father of banking reforms in India. Some of the reforms attributed to his recommendations include changes to banking structures, introduction of private sector banks, creation of asset recovery funds, rural banking, changes to capital adequacy and provisioning standards, technology upgradation and modernization of public sector banks, and capital market linked banking reforms.
Summary based on Wikipedia (CC BY-SA 4.0), reviewed by the RochakDuniya editorial team.
Timeline
- 1927Born in Guntur
- 2021Dies in Hyderabad
Sources & licences
- English Wikipedia (CC BY-SA 4.0) · 3/5
- हिंदी विकिपीडिया (CC BY-SA 4.0) · 3/5
- Wikidata (CC0) · 3/5