Krishnanath Ganesh Ambegaonkar (born 12 August 1902), known as K. G. Ambegaokar was the fifth Governor of the

Reserve Bank of India The Reserve Bank of India, chiefly known as RBI, is India's central bank and regulatory body responsible for regulation of the Indian banking system. It is under the ownership of Ministry of Finance, Government of India. It is responsible f ...

from 14 January 1957 to 28 February 1957. Educated at

Bombay University The University of Mumbai is a collegiate, state-owned, public research university in Mumbai. The University of Mumbai is one of the largest universities in the world. , the university had 711 affiliated colleges. Ratan Tata is the appointed ...

(BA) and

University College, London , mottoeng = Let all come who by merit deserve the most reward , established = , type = Public research university , endowment = £143 million (2020) , budget = � ...

, Ambegaonkar joined the

Indian Civil Service The Indian Civil Service (ICS), officially known as the Imperial Civil Service, was the higher civil service of the British Empire in India during British rule in the period between 1858 and 1947. Its members ruled over more than 300 million p ...

in 1926, and served in various posts in the Central Provinces. He was Joint Controller of Imports from 1943 to 1944, Joint Secretary, Finance Department from 1944 to 1947, Additional Secretary, Ministry of Finance from 1948 to 1949, Secretary, Department of Economic Affairs, 1950-54. He was serving as Finance Secretary before his appointment as Deputy Governor of the RBI. On the resignation of B Rama Rau he took over as the Governor. His tenure was the third-shortest (45 days) after B. N. Adarkar (42) and Amitav Ghosh (20). Compared to the latter two Governors Ambegaonkar's signature as RBI Governor does not appear on any

Indian Rupee The Indian rupee ( symbol: ₹; code: INR) is the official currency in the republic of India. The rupee is subdivided into 100 ''paise'' (singular: ''paisa''), though as of 2022, coins of denomination of 1 rupee are the lowest value in use w ...

note, but his signature as Finance Secretary appeared on the second, third, and fourth Rupee one notes issued after independence.

References

1902 births Year of death missing Governors of the Reserve Bank of India Indian bankers Indian civil servants Indian Civil Service (British India) officers University of Mumbai alumni Alumni of University College London {{India-politician-stub