H. V. R. Iengar Explained

H.V.R. Iengar
Office1:6th Governor of the Reserve Bank of India
Term Start1:1 March 1957
Term End1:28 February 1962
Predecessor1:K. G. Ambegaonkar
Successor1:P. C. Bhattacharya
Office2:2nd Chairman of State Bank of India
Term Start2:1 October 1956
Term End2:28 February 1957
Successor2:P. C. Bhattacharya
Birth Date:1902 8, df=yes
Nationality:Indian
Alma Mater:University of Mysore
Queen's College, Oxford
Signature:HVR Iengar - Signature.jpg

Haravu Venkatanarasingha Verada Raj "H. V. R." Iengar CIE, ICS (23 August 1902[1] [2] – 22 February 1978) was the sixth Governor of the Reserve Bank of India from 1 March 1957 to 28 February 1962.[3]

He was a member of the Indian Civil Service, entering service on 20 October 1926. He was invested as a Companion of the Order of the Indian Empire (CIE) in the 1941 New Year Honours. He served as the Chairman of State Bank of India, before his appointment as the Governor of the Reserve Bank.

During Iengar's tenure, the Indian coinage system shifted from the earlier pies, paise, and anna system to the modern decimal coinage system. During his tenure also variable cash reserve ratio and selective credit control were introduced for the first time in India. He received the Padma Vibhushan, India`s second highest civilian honour from the Government of India in 1962.[4] In 2002 on his birth centenary, an illustrated book, Snapshots of History— Through The Writings of H V R Iyengar consisting of articles written by Iengar after his retirement in 1962, were compiled and edited by his daughter Indira and son-in-law Bipin Patel.[5]

Notes and References

  1. http://www.frontline.in/navigation/?type=static&page=flonnet&rdurl=fl2012/stories/20030620002109000.htm Glimpses of the past
  2. http://indiankanoon.org/doc/1832330/ Dr. H V R Iyengar vs Mrs.Indira Bipin Patel on 21 September 2010
  3. Web site: List of Governors. 2006-12-08. Reserve Bank of India. 16 September 2008. https://web.archive.org/web/20080916083919/http://www.rbi.org.in/scripts/governors.aspx. dead.
  4. http://www.archive.india.gov.in/myindia/padmavibhushan_awards_list1.php?start=240 Padma Vibhushan awardees
  5. http://www.financialexpress.com/news/the-making-of-history-of-our-times/88220/0 The Making Of History Of Our Times