KNOWING THE GREAT MINDS - 2






B N Adarkar was appointed as an interim governor till S Jagannathan could take over as Governor. He was a professional economist and served for many years in the office of the Economic Adviser of the Government of India and also held important positions in the Ministry of Commerce & Industry prior to his appointment as the Deputy Governor of the Bank. He also served as India's Executive Director at the IMF and as Deputy Governor. He played an active role in the establishment of the National Institute of Bank Management.








N C Sen Gupta was appointed Governor for three months till K R Puri could assume office. Prior to his appointment as the Governor, he was working as Secretary to the Department of Banking in the Ministry of Finance.

* The floating exchange rate is a regime where a country’s currency is set by the foreign-exchange market through supply and demand for that particular currency relative to other currencies. Thus, floating exchange rates change freely and are determined by trading in the forex markets. This is in contrast to a "fixed exchange rate" regime.







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