H V R Iyengar
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Haravu Venkatanarasingha Verada Raj "H. V. R." Iengar CIE,
ICS ICS may refer to: Computing * Image Cytometry Standard, a digital multidimensional image file format used in life sciences microscopy * Industrial control system, computer systems and networks used to control industrial plants and infrastructu ...
(23 August 1902Glimpses of the past
Frontline Issue dated 07 - 20 June 2003
– 22 February 1978) was the sixth Governor of the Reserve Bank of India from 1 March 1957 to 28 February 1962. 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 The chairperson of the State Bank of India is the chief executive officer of India's largest scheduled commercial bank and the ''ex-officio'' chair of its Central Board of Directors. Since its establishment in 1955 by the government of India, t ...
, 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 In economics, cash is money in the physical form of currency, such as banknotes and coins. In bookkeeping and financial accounting, cash is current assets comprising currency or currency equivalents that can be accessed immediately or near-imm ...
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. 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.The Making Of History Of Our Times
Financial Express 3 August 2003


References

{{DEFAULTSORT:Iyengar, H. V. R. Governors of the Reserve Bank of India Indian bankers Indian civil servants Companions of the Order of the Indian Empire Indian Civil Service (British India) officers Recipients of the Padma Vibhushan in civil service 1902 births 1978 deaths