Usha Thorat
Deputy Governor Reserve Bank of India
In office
10 November 2005 – 8 November 2010
GovernorY.V. Reddy
Duvvuri Subbarao
Preceded byK. J. Udeshi
Succeeded byAnand Sinha
Personal details
Born
Usha Iyer

(1950-02-20) 20 February 1950
Chennai
CitizenshipIndian
NationalityIndian
SpouseYSP Thorat
Residence(s)Mumbai, India
Alma materDelhi School of Economics
Known forDeputy Governor Reserve Bank of India

Usha Thorat, (born 20 February 1950) served as Deputy Governor of the Reserve Bank of India[1] (RBI) (India's central bank) from 10 November 2005 to 8 November 2010. Prior to this she was the executive Director of the RBI.[2][3]

Early life

Thorat is an alumna of the Lady Shri Ram College for Women, New Delhi and Delhi School of Economics.[4]

Career

Usha Thorat has been the Reserve Bank of India nominee on the boards of Bank of Baroda, Indian Overseas Bank and the Securities Trading Corporation of India.[4]

She has been executive director of RBI since April 2004. As Deputy Governor she was responsible for the Department of Currency Management, Deposit Insurance and Credit Guarantee Corporation, Inspection Department, Premises Department, Rural Planning and Credit Department and Urban Banks Department.[5]

She has been one of the key players in the Indian Central Bank's efforts toward promoting Financial Inclusion.[6][7]

References

  1. ↑ Roy, Anup (9 August 2019). "RBI's Usha Thorat panel for easier foreign play in currency market". Business Standard India. Retrieved 16 May 2021.
  2. ↑ "RBI to maintain ample liquidity: Thorat". The Hindu. Chennai, India. 26 June 2009.
  3. ↑ Saha, Anup Roy & Manojit (20 April 2021). "'Father of banking reforms': Ex-RBI governor M Narasimham passes away at 94". Business Standard India. Retrieved 16 May 2021.
  4. 1 2 "The Indian Express, 2 May 1998". Thehindubusinessline.com. Retrieved 4 December 2017.
  5. ↑ "Why did the govt take six months to pick an RBI deputy governor? - Livemint". Livemint.com. Retrieved 4 December 2017.
  6. ↑ "Financial literacy essential for getting financial inclusion: Usha thorat". Financial Express.
  7. ↑ "Frills in the framework of banking-correspondent model". The Times Of India. 12 August 2010.


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