Dr. I. G. PATEL

December 1, 1977 to September 15, 1982

Dr IG Patel succeeded Mr M Narasimham as the 14th Governor of Reserve Bank of India. He served a career as a Secretary of Ministry of Finance and as head of the United Nations Development Program prior to being appointed as Governor of Reserve Bank. His economic policies for the Government of India included not only complex negotiations with the US, the UK and Russia, but also involved matters such as the devaluation of 1965-66. He then played a very important role in education heading the Indian Institute of Management, Ahmedabad and London School of Economics. The Rs 1000, Rs 5000 and Rs 10000 notes and the gold auctions were demonetized during his tenure. He was awarded Padma Vibhushan in 1991.


References:

http://en.wikipedia.org/wiki/

http://www.rbi.org.in/