RBI Governors: The Czars of Monetary Policy

Author: GOKUL RATHI - Chartered Accountant
Reviewer: RIDDHI LALAN - Chartered Accountant

RBI plays a significant role in the country’s economic development and financial system. In addition to its crucial role in the country’s monetary policy, RBI regulates the banking sector and manages foreign exchange reserves. “RBI Governor” is the person who helms this all-important and formidable institution, burdened with onerous responsibilities.

In the 86 years of its existence, RBI has been led by 25 eminent scholars, each influencing the economic and monetary policy with a distinct style. For a long time, the Governors have contributed tirelessly behind the scenes and only recently, have stepped into the spotlight. “RBI Governors: The Czars of Monetary Policy” highlights the importance of these eminent men and their contribution to moulding the country’s financial system.

CA Gokul Rathi has been closely associated with the banking sector as an auditor, consultant and board member. Based on his observation of the banking sector during the last three decades, Mr. Rathi, a Chartered Accountant, has conducted elaborate research while penning down this book on men whose signatures appear on the country’s currency. Gokul traces back the origin of this book to 2007-08 when he was impressed with the deft handling of the Indian economy before the global financial