Occupation 13th Governor of RBI Name M. Narasimham | Role Bank officer | |
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Born 1927 Guntur, India | ||
One Rupee Note 1981 Signature of M Narasimham || Note Value in Description
Maidavolu Narasimham (born 1927) was the thirteenth governor of the Reserve Bank of India (RBI) from 2 May 1977 to 30 November 1977. He hails from Mydavolu village of Guntur District in Andhra Pradesh.
RBI follows a policy of in-house promotions, where all staff persons are promoted internally. The only two jobs where this is not done is for the governor and one deputy governor. In Narasimham's case, in house promotion was upheld even for the governor's post. Hence he was the first Reserve Bank cadre officer to be appointed as governor. He had joined the bank as a research officer in the Economic Department. He later joined the government, and prior to his appointment as governor he served as additional secretary of the Department of Economic Affairs.
After his short term as RBI governor, he served as India's executive director at the World Bank and later at the International Monetary Fund. Narasimham also served as secretary in the Ministry of Finance. He was awarded Padma Vibhushan award in 2000.