Nationalization of Banks in India

Nationalization of Banks in India

Since Independence the Government of India has adopted planned economic development for the country . Hence, five year plans came into existence in 1951. This economic planning was basically aimed at social ownership of the means of production.

List of RBI Governors

List of RBI Governors 

1. Sir Osborne Smith : 1 April 1935 – 30 June 1937
2. Sir James Braid Taylor : 1 July 1937 – 17 February 1943
3. Sir C. D. Deshmukh : 11 August 1943 – 30 June 1949
4. Sir Benegal Rama Rau : 1 July 1949 – 14 January 1957
5. K. G. Ambegaonkar : 14 January 1957 – 28 February 1957
6. H. V. R. Iyengar : 1 March 1957 – 28 February 1962