Dr Indraprasad Gordhanbhai Patel (11 November 1924 - 17 July 2005)[1] popularly known as I. G. Patel, was the fourteenth Governor of the Reserve Bank of India from 1 December 1977 to 15 September 1982.[2]

Patel was an economist and before joining the Reserve Bank as Governor had served as Secretary in the Ministry of Finance[1] and thereafter as Deputy Administrator at the UNDP[1]. After retiring from the Reserve Bank, Patel became the director of The London School of Economics and Political Science (1984-1990)[1].

He was awarded Padma Vibhushan award in 1991[3]. Indraprasad Gordhanbhai Patel was known as 'IG' from his childhood days in Vadodara, then the capital of the princely state ruled by the Gaekwars of Baroda, where he was born.

The Indian Rupee notes of 1000, 5000 and 10,000 denomination and the gold auctions were demonetised during his tenure.[4]

Government offices Preceded byM. Narasimham Governor of RBI 1977 – 1982 Succeeded byDr. Manmohan Singh

References

  1. ^ a b c d "I. G. Patel". XXX. 2005-07-20. Retrieved 2008-09-15. ((cite news)): Check date values in: |date= (help)
  2. ^ "List of Governors". Reserve Bank of India. Retrieved 2006-12-08.
  3. ^ "Padma Vibhushan Awardees". National Portal of India, GOI. Retrieved 2008-09-15.
  4. ^ "High Denomination Bank Notes (Demonetisation) Act, 1978". Taxmann.net. Retrieved 2006-12-08.
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