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Date : Sep 21, 2004
Two New Deputy Governors at RBI

September 21, 2004

Shri Vittaldas Leeladhar and Smt. Shyamala Gopinath have today taken over charge as Deputy Governors at the Reserve Bank of India. The Government of India notified the appointments by its notifications dated September 20, 2004.

According to the Government notifications, Shri Leeladhar will hold charge as Deputy Governor till attaining the age of 62 years, that is, till December 2008 and Smt. Gopinath will hold charge for a period of five years or till she attains the age of 62 years, whichever is earlier.

Shri Leeladhar will oversee Department of Information Technology, Department of Administration and Personnel Management, Human Resources Development Department, Premises Department, Rural Planning & Credit Department and Urban Banks Department.

Smt. Gopinath will oversee Department of Government and Bank Accounts, Department of Expenditure and Budgetary Control, Department of Non-Banking Supervision, Foreign Exchange Department, Legal Department and Central Security Cell.

Shri Vittaldas Leeladhar

Born on December 7, 1946, Shri Leeladhar holds a first class bachelor's degree in Chemical Engineering from Kerala University. He is also a fellow of Indian Institute of Bankers, Mumbai. Shri Leeladhar has had a long and distinguished career in banking. Joining Syndicate Bank as a trainee officer in 1969, Shri Leeladhar moved over to Corporation Bank in 1980 and rose to the post of the General Manager. He was appointed as Executive Director of Bank of Maharashtra in 1996 and in 1997 was appointed Chairman and Managing Director, Vijaya Bank. He took over as the Chairman and Managing Director of Union Bank of India in the year 2000. He was also Chairman, Indian Banks’ Association. As a banker, Shri Leeladhar has overseen a variety of portfolios including credit, international banking, investments, merchant banking and personal banking.

Shri Leeladhar was a member of the Governing Councils of the Indian Institute of Banking and Finance, Institute of Banking Personnel Selection, Institute for Development and Research in Banking Technology and the National Foundation for Corporate Governance.

Smt. Shyamala Gopinath

Born on June 20, 1949, Smt. S. Gopinath holds a Master’s degree in Commerce and is a Certificated Associate of the Indian Institute of Bankers. Joining the Reserve Bank of India as a direct recruit officer on probation in April 1972, Smt. Gopinath was the senior most Executive Director in the Reserve Bank of India (appointed in June 2003) prior to her elevation as the Deputy Governor. Smt. Gopinath has handled some of the critical portfolios in the Reserve Bank, such as, financial markets, including regulation and management of government debt and exchange rate, management of foreign exchange reserves, and banking regulation and supervision.

During her two-year deputation to the International Monetary Fund, between 2001 and 2003, Smt. Gopinath has dealt with foreign exchange reserves management, safeguard assessment and foreign exchange markets. She has been part of IMF missions of Financial Sector Assessment Programmes to Hungary, Poland, Nigeria and Tanzania. Smt. Gopinath has been a part of the World Trade Organisation’s deliberations relating to financial services. She has also been a delegate on the Asian Clearing Union and Bank for International Settlements.

Apart from heading the Financial Markets Committee of the Reserve Bank, Smt. Gopinath is the Chairperson of the Standing Advisory Committee on gold and precious metals and was the Convenor and member of the Working Group on Financial Conglomerates. Smt. Gopinath has also assisted the Second Narasimhan Committee on Banking Sector Reforms. She has been on the boards of Union Bank of India (1998-2001) and Bank of Maharashtra (1994-1996).

Photographs of both the Deputy Governors can be downloaded from the RBI website (www.rbi.org.in)

Alpana Killawala

Chief General Manager

Press Release: 2004-2005/323



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