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Usha Thorat

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Adapted from the English Wikipedia article Usha Thorat, available under CC BY-SA 4.0Updated 11 August 2025
Usha Thorat
Born (1950-02-20) February 20, 1950 (age 76)
Chennai, India
Occupation(s)Economist, Banker
Years active2004–2010
Known forDeputy Governor of the Reserve Bank of India (2005–2010)

Usha Thorat (born 20 February 1950) is a distinguished Indian economist who held the position of Deputy Governor at the Reserve Bank of India (RBI) from 10 November 2005 until 8 November 2010. Prior to this role, she served as an executive director at the RBI.

Early life

Hailing from Chennai, Thorat completed her education at Lady Shri Ram College for Women, New Delhi, followed by advanced studies at the Delhi School of Economics.

Career

During her tenure, Thorat represented the RBI on the boards of several institutions including Bank of Baroda, Indian Overseas Bank, and the Securities Trading Corporation of India. She was appointed as executive director of the RBI in April 2004. In her capacity as Deputy Governor, she was responsible for overseeing multiple departments such as Currency Management, Deposit Insurance and Credit Guarantee Corporation, Inspection, Premises, Rural Planning and Credit, and Urban Banks.

Thorat was instrumental in driving the RBI’s financial inclusion agenda, significantly contributing to broadening banking access and enhancing financial literacy throughout India.

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