Veterans of The Reserve Bank

The book deals with the Reserve Bank’s Economic Department which was conceived to undertake research work and provide guidance to the authorities not only in the narrow sphere of money and banking but over a broad spectrum of economic problems. The Department was organised into three major divisions, the Division of Monetary Research, the Division of Rural Economics and the Division of Statistics, the first Directors of the Division being Dr. B.K. Madan, Dr. B.R. Shenoy and Dr. N.S.R. Sastry, respectively. 

The book deals with a number of great personalities who left a lasting impression on the Economic Department which is the “Brain” of the Reserve Bank of India. 

After covering the founding fathers like Dr. P.S.N. Prasad, Dr. K.N. Raj, Dr. Dharma Kumar, the book leads us on to the intellectuals like Shri M. Narasimham, Dr. A.G. Chandavarkar, Dr. V.V. Bhatt, Dr. Deena Khatkhate and Dr. K.S. Krishnaswamy. 

Their glorious period was succeeded by the electrifying presence of highly regarded economists like Shri S.S. Tarapore, Dr. N.A. Mujumdar and Dr. Meenakshi Tyagarajan.  

The book is replete with hilarious anecdotes which impart an air of levity to a highly charged department. 

The reader will get an inkling of how the Brains Trust of a Central Bank works.