The government on Monday appointed D Subbarao, Finance Secretary, as the Reserve Bank Governor.
Subbarao will take charge from YV Reddy, who relinquishes office on completion of his eventful five years at the helm of central bank on September 5.
An alumini of IIT Kanpur, Subbarao topped the civil services examination in 1972 and was assigned the Andhra Pradesh cadre.
He was elevated to Finance Secretary in May 2007. Before that he was working has Secretary Economic Affairs in the same ministry.
Earlier, he was lead economist with the World Bank and had worked on various issues in public finance in countries of Africa and East Asia.
Subbarao did his MS in economic from Ohio State University and was a Humphrey Fellow at MIT. He completed his Phd in economics from Andhra University.