Mr. H. V. R. Iengar addresses the gathering at the sixth convocation ceremony
Administrators , Faculty , Institute Events
The sixth convocation of IIT Madras was held on 2nd August, 1969. The convocation took place at the Institute’s Open Air Theatre. Mr. H. V. R. Iengar (Padma Vibhushan), the Chairman of the Board of Governors presided over the ceremony. Haravu Venkatanarasingha Verada Raj ‘H. V. R.’ Iengar (1902-1978) CIE, ICS was the sixth Governor of the Reserve bank of India. He studied at Central College, Bangalore (1919) and became a member of the Indian Civil Service. He entered service on 20th October, 1926. He served as Chairman of State Bank of India and then went on to become Governor of the Reserve Bank of India (1957-1962). During his term, he facilitated a number of changes to the Indian Coinage System. He ensured that India shifted to decimal coinage and he also initiated the consolidation of the banking system. During his tenure, India became one of the first countries to follow the system of Deposit Insurance. Additionally, he introduced concepts such as variable cash reserve ratio and selective credit controls for the first time in the country H. V. R. Iengar the Padma Vibhushan, India’s second highest civilian honour, in 1962. Later, he served as Chairman of the Board of Governors, IIT Madras, from 1969 to 1972. In the image: Mr. H. V. R. Iengar declares the convocation open.
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