Reserve Bank of India (RBI) Deputy Governor Usha Thorat is retiring today, after spending nearly 38 years at the Mint Road during which she has had a stint in virtually every area of central banking.
Anand Sinha, an executive director of the RBI, will replace Thorat, but whether he will handle the departments overseen by Thorat is not known.
An alumina of Delhi School of Economics, Thorat joined the central bank way back in 1972. Before she was appointed as the Deputy Governor on November 10, 2005, Thorat was one of the executive directors of RBI, a position she held since April 2003.
Born on February 20, 1950 in Madras, Usha Thorat has been overseeing the departments of banking operations and development, banking supervision, currency management, rural planning, credit department and financial inclusion among others during her last years at RBI.
She was also a member of the faculty at the Reserve Bank Staff College and also served at RBI's Guwahati office. Besides, she has also served on the boards of Bank of Baroda, Indian Overseas Bank, Nabard and the Securities Trading Corporation of India.
