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Former RBI Governor S. Venkitaramanan passes away
The Business Guardian
|November 20, 2023
After a brief illness, former governor of the Reserve Bank of India (RBI) S Venkitaramanan passed away on Saturday.
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He oversaw the central bank's operations during the 199092 period when the nation faced two significant crises: the securities scam that was sparked by Harshad Mehta and the balance of payment crisis that resulted in the pledging of gold. Venkitaramanan, 92, is survived by his two daughters and their families. He served as Finance Secretary in the Ministry of Finance for a period of four years from 1985 to 1989 when Rajiv Gandhi was the Prime Minister of the country. Venkitaramanan, who had finished his civil service career by 1990, moved on to Karnataka as an adviser to the Governor during President's rule there, before taking over as the Governor of the Reserve Bank of India in December 1990 an appointment that came on the bac
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