Letter to BS: RBI guv's notes remains the most powerful in the country

Of the 24 Reserve Bank of India governors till date, five were interim governors, holding office for as little as 20 days (Amitav Ghosh) to seven months (M Narasimham). The other three were KG Ambegaonkar (two months), BN Adarkar (42 days) and NC Sengupta (three months). It may be noted that the RBI Act has no provision for an acting governor or acting deputy governors, and every governor whether interim or otherwise has full powers. Osborne Smith, the first governor, for some strange reason did not sign any notes. Of the five interim governors, KG Ambegaonkar did not sign any