Anand Sinha served as a deputy governor of the Reserve Bank of India, looking after Urban Banking, Risk Monitoring, Banking Operations & Development, Non-Banking Supervision, Expenditure & Budgetary Control and Information Technology.
Anand Sinha | |
|---|---|
| Deputy Governor of Reserve Bank of India | |
| In office 19 January 2011 – 18 January 2014 | |
| Governor | Duvvuri Subbarao Raghuram Rajan |
| Preceded by | Usha Thorat |
| Succeeded by | R Gandhi |
| Personal details | |
| Born | India |
| Education | Indian Institute of Technology Delhi, IIT Delhi |
| Occupation | Banker |
| Known for | Deputy Governor of Reserve Bank of India |
Early life and education
editAnand Sinha studied physics at the undergraduate level. He obtained his master's degree in physics from the Indian Institute of Technology, New Delhi.
Professional career
editHe was a member of the CGFS Working Group on Capital Flows to Emerging Market Economies. He represented India on the G20 Working Group on "Enhancing Sound Regulation and Strengthening Transparency" set up in the aftermath of the 2007–2008 financial crisis.[1]
Shri Sinha served as director of Export Credit Guarantee Corporation of India Limited since 27 February 2006. He served as the Reserve Bank's nominee director on the boards of Dena Bank, Allahabad Bank, Bank of Baroda, Indian Overseas Bank, Deposit Insurance and Credit Guarantee Corporation and Export Credit and Guarantee Corporation at different phases of his career.[2]
On 19 January 2011, Anand Sinha was appointed as deputy governor of RBI for a period of two years.[3] His appointed was extended for a further period of 11 months till 18 January 2014. This extension was given to Sinha to smoothen the process of issue of new bank licences, an area being handled by him as the deputy governor in charge of Banking Operations and Development.[4] The extension to Sinha, given on Governor Subbarao's recommendation to the Government,[5] came as a surprise, as two other Executive Directors of RBI, G. Gopalakrishna and R. Gandhi were in the race for the post of deputy governor when Sinha's original tenure came to an end.[6] This was the first time in recent years that a DG of RBI continued in office beyond the age of 62.[7]
References
edit- ^ "Profile of DG, RBI". Archived from the original on 28 May 2013.
- ^ "Profile on Bloomberg Business Week".[dead link]
- ^ "Anand Sinha takes over as Deputy Governor". Archived from the original on 28 May 2013.
- ^ "Urjit Patel appointed Deputy Governor". The Times Of India. 26 February 2013. Archived from the original on 25 January 2014.
- ^ "Sinha gets extension".
- ^ "Gopalakrishna and Gandhi in race for DG Post".
- ^ "Sinha gets another year".