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Banking on crisis management: Meet Gopinath, head of SEAC on bank licences

Ever-smiling, consciously low profile, and unfailingly polite, it is easy to mistake her for a family matriarch rather than a doyenne of high finance in India


Shyamala Gopinath, Chairperson, Seac, bank licences

Anup Roy Mumbai
Reserve Bank of India (RBI) Governor Shak­ti­kanta Das defiantly said recently that India has no choice but to accumulate reserves to safeguard against currency market volatility in a taper tantrum-like event. One little appreciated statistic is that such currency market volatility revisits India in a cycle of every five years, more or less, making former governor D Subbarao joke that one has not qualified as a governor if he hasn’t faced a currency crisis in his tenure.

In every crisis, though, India emerged relatively unscathed thanks to the ingenious central bankers working behind the scenes. One such stellar central banker

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First Published: Mar 25 2021 | 6:10 AM IST

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