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S Venkitaramanan | Photo: Ramesh V, Mathrubhumi
Chennai: Former RBI Governor and Finance Secretary of India S Venkitaramanan passed away here on Saturday. He was 92.
Venkitaramanan was RBI Governor from 1990 to 1992. According to RBI, the country faced difficulties related to the external sector during Venkitaramanan's tenure. "His adroit management saw the country tide over the balance of payments crisis. His term also saw India adopt the IMF’s stabilisation programme where the Rupee underwent a devaluation and the launch of the programme of economic reforms," the RBI website reads.
Venkitaramanan was Born on December 21, 1931, in the princely state of Travancore. Before becoming the RBI Governor, he served as the Finance Secretary of India. He also had a stint as an adviser to the Government of Karnataka.
Even after his term as RBI Governor, Venkitaramanan continued to contribute to public service and held positions in different capacities. His career reflects a commitment to economic governance and financial stability in India.
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