S. Jagannathan

S. Jagannathan was the tenth Governor of the Reserve Bank of India from 16 June 1970 to 19 May 1975cite web
url =http://www.rbi.org.in/scripts/governors.aspx#jagan
title =S Jagannathan
accessdate =2008-09-15
publisher =Reserve Bank of India] .

Jagannathan was a member of the Indian Civil Service, and had served with the Central Government. Prior to becoming the Governor of the RBI, he was India’s Executive Director at the World Bank. [cite web
url = http://www.rbi.org.in/scripts/governors.aspx
title = List of Governors
accessdate = 2006-12-08
publisher = Reserve Bank of India]

The oil shock of the 1970s was re-elected by a very active monetary policy during his tenure. Other achievement include an expansion of banking offices in pursuance of the objectives of the nationalisation of private banks.

The Credit Guarantee Corporation of India, and State Level Bankers’ Committees were established during his tenure. Indian rupee notes of Rs 20 and Rs 50 denomination were introduced for the first time in India and these bore his signature. [cite book
last = Jain
first = Manik
authorlink =
coauthors =
title = 2004 Phila India Paper Money Guide Book
publisher = Philatelia
date = 2004
location = Kolkata
pages = 45, 49]

He relinquished office to take up the post of the India's Executive Director at the IMF.

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