Author – T.C.A. Srinivasa Raghavan
Rating – *****
Language – English
Number of Pages – 49
*Book available only in digital edition.
We all are aware of the facts when Reserve Bank of India(RBI) came into existence and when our Central Bank become nationalized, who is the first Governor and who is the present one.
But do you know who initiated the idea of nationalization of Banks and why the Banks had been nationalized at all and is there was any one who stand against to the idea. Why the first Governor(Sir Osborne Smith, who was not an Indian) resigned before completion of his tenure and he is not the only one to do so, so far. Total of four Governors resigned before their tenure comes to an end.
RBI has always been in news, than and today and surrounded by rumors and controversies for political intrusion, appointment of its Governors and list is as long as you take it. The book does not put statistical data of the working and performance of the RBI and economy which makes it readable even by those who have little and no knowledge of day to day affairs.
Everyone has their own way of looking at things. Author is a senior journalist who puts his mind and years of his journalism into this book. Book is worth a read and in my words MUST!