Ram Narain Malhotra popularly known as R. N. Malhotra (1926 – 29 April 1997) was the seventeenth 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 ...

(RBI), serving from 4 February 1985 to 22 December 1990. Malhotra was a member of the

Indian Administrative Service The Indian Administrative Service (IAS) is the administrative arm of the All India Services of Government of India. Considered the premier civil service of India, the IAS is one of the three arms of the All India Services along with the Indian ...

. He had served as Secretary, Finance, and as India's Executive Director of the

International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster glo ...

before his appointment as governor of the RBI. During his tenure, the 500- rupee note was introduced. He signed the 8hq A 50 rupees note 1986. In 1990 he was the recipient of the

Padma Bhushan The Padma Bhushan is the third-highest civilian award in the Republic of India, preceded by the Bharat Ratna and the Padma Vibhushan and followed by the Padma Shri. Instituted on 2 January 1954, the award is given for "distinguished service ...

award. His wife

Anna Rajam Malhotra Anna Rajam Malhotra (née George; 17 July 1927 – 17 September 2018) was an Indian Administrative Service officer. She was the first woman in India to hold this position. Anna Rajam belonged to the 1951 batch of the IAS and married R. N. Malhotr ...

was the first woman member of the Indian Administrative Service.

References

Governors of the Reserve Bank of India Indian bankers Indian civil servants 1926 births 1997 deaths 20th-century Indian economists Recipients of the Padma Bhushan in civil service {{India-economist-stub