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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