Anand Sinha
Anand Sinha | |
|---|---|
| Occupation | Banker |
| Years active | 2006–2014 |
| Known for | Deputy Governor of the Reserve Bank of India |
Anand Sinha held the position of Deputy Governor at the Reserve Bank of India, where he was responsible for Urban Banking, Risk Monitoring, Banking Operations & Development, Non-Banking Supervision, Expenditure & Budgetary Control, as well as Information Technology.
Early life and education
Anand Sinha pursued his bachelor's degree in physics and subsequently obtained a master's degree from the Indian Institute of Technology, New Delhi.
Professional career
He participated as a member of the CGFS Working Group focusing on Capital Flows to Emerging Market Economies and acted as India's representative on the G20 Working Group dedicated to "Enhancing Sound Regulation and Strengthening Transparency" following the 2008 financial crisis.
From 27 February 2006, Sinha served as a director at Export Credit Guarantee Corporation of India Limited. Additionally, he was appointed by the RBI as a nominee director on the boards of several institutions including Dena Bank, Allahabad Bank, Bank of Baroda, Indian Overseas Bank, Deposit Insurance and Credit Guarantee Corporation, and Export Credit and Guarantee Corporation at different intervals.
His appointment as Deputy Governor began on 19 January 2011 for a two-year term, which was later extended by 11 months until 18 January 2014 to oversee the issuance of new banking licenses—a significant responsibility under his purview. This extension, endorsed by Governor Duvvuri Subbarao, was exceptional as it exceeded the standard retirement age of 62 and was granted despite other senior RBI officials such as G. Gopalakrishna and R. Gandhi being considered for the position.