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1/7

While Mr Maun Mohan Singh got accolades for reforms, 2 people who really deserved it were left out...
One was Ex PM P V Narasimha Rao & the other was Maidavolu Narasimham.

Narasimham joined RBI as a research officer in the Economics department and is the
2/7

only governor who rose from the ranks of RBI. He was the thirteenth governor of the RBI from 2 May 1977 to 30 November 1977

Narasimham is popularly called as the architect of modern Indian banking, he had chaired two high-powered committees on banking and financial sector
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reforms.

The first high-powered committee he chaired was in 1991 on the financial system and second one in 1998 on banking sector reforms.

Almost all the reports that are written today on the banking sector start by referencing “Narasimham Committee Report” I and II.
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